Singapore

Enforcement

DBS Wealth Manager Pleads Guilty on Cheating Charges

By Nithya Subramanian | 21/02/2025

The former bank employee lured clients into making investments and then had them transfer funds into his personal accounts.

AML / KYC

Singapore: Unlocking the Potential of AI in the Fight Against Financial Crime

By Bradley Maclean | 19/02/2025

Brad Maclean discusses Singapore’s AI adoption journey, including the opportunities it has seized, the challenges it faces, and what lies ahead.

Fintech / Regtech

Budget 2025: Singapore Unveils Measures to Boost Stock Market

By Nithya Subramanian | 19/02/2025

Singapore will also set up a S$1bn private credit growth fund and allocate S$150mn to help companies improve their AI capabilities.

Fintech / Regtech

Singapore Issues Warning on Unauthorised Mobile Wallets Transactions

By Nithya Subramanian | 19/02/2025

Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.

Crypto / Digital Assets

MAS Grants In-principle Digital Assets Licence to Straits Millennium

By Nithya Subramanian | 18/02/2025

Some 30 firms in Singapore have been granted an Major Payment Institution license by MAS for DPT services.

Securities / Derivatives

MAS Expert Group Proposes Measures to Boost Equities Market

By Nithya Subramanian | 14/02/2025

The Equities Market Review Group has proposed the introduction of tax incentives to attract more Singapore listings and incentivise funds to invest in domestic equities.

Capital / Liquidity

Asian Investors File Claims Over Credit Suisse AT1 Writedown

By Nithya Subramanian | 14/02/2025

Asia-based claimants believe Switzerland breached its investment treaty obligations by fully writing down Credit Suisse’s AT1 bonds.

Fintech / Regtech

Singapore Unveils New Initiatives to Enhance AI Governance, Safety

By Nithya Subramanian | 13/02/2025

Initiatives include establishing technical testing best practices for GenAI applications, collaborating with Japan on LLMs, and enhancing AI safety evaluations.

AML / KYC

ABS Launches Automated Bill of Lading Verification for Banks

By Nithya Subramanian | 13/02/2025

The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.