Singapore

Supervision & Enforcement

Singapore Sharpens Enforcement Focus on Money Laundering, Digital Assets, Scams

By Nathan Lynch | 17/04/2025

MAS has signposted a deliberate shift in enforcement priorities as financial crime risks soar across APAC, writes Nathan Lynch.

Sustainable Finance

ASEAN Ministers Endorse Sustainability and Payments Initiatives

By Thisanka Siripala | 17/04/2025

ASEAN ministers endorsed new financing mechanisms and welcomed new cross-border payment initiatives including Nexus.

Anti-Money Laundering

Singapore Jails Man for Laundering Chinese Funds with USDT

By Nithya Subramanian | 15/04/2025

The scheme involved using cash from China-issued bank cards to purchase gold in Singapore which was subsequently converted to USDT.

Anti-Money Laundering

Singapore to Tighten AML Rules for Real Estate Sector

By Nithya Subramanian | 09/04/2025

A new bill proposes stronger penalties for AML compliance failures by real estate professionals and developers, among other measures.

Fraud, Scams & Cybercrime

Multinational Firm Scammed by Deepfake Tech in Singapore

By Nithya Subramanian | 09/04/2025

Singapore and Hong Kong police teamed up to recover over USD 499,000 lost to a scam involving deepfake video technology and digital manipulation.

Anti-Money Laundering

MAS Proposes Amendments to AML/CFT Rules for FIs and VCCs

By Nithya Subramanian | 09/04/2025

MAS proposes the explicit inclusion of PF in the AML/CFT framework, stricter STR filing timelines, and enhanced transparency requirements for trusts.

Fraud, Scams & Cybercrime

Singapore Ransomware Attack Exposes Data of Bank Customers

By Nithya Subramanian | 08/04/2025

A ransomware attack on a printing service provider has exposed the personal information of over 11,000 DBS and Bank of China customers.

Payments & Settlements

Asian Central Banks to Jointly Establish Multilateral Payments Scheme

By Manesh Samtani | 07/04/2025

RBI, BNM, BSP, MAS and BOT aim to make the Nexus platform a scalable multilateral model for connecting instant payment systems globally.

Capital Adequacy

MAS Proposes Refinements to RBC 2 Framework for Insurers

By Nithya Subramanian | 01/04/2025

The proposals include a counter-cyclical adjustment for equity investment risk and stricter criteria for capital instruments.