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Enforcement
Singapore Court Sentences Money Mule to 10 Years Jail
By Nithya Subramanian | 25/04/2024
Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.
ESG / Sustainability
AVPN Launches Social Investing Platform in Singapore
By Nithya Subramanian | 25/04/2024
ImpactCollab launched with MAS support, offering due diligence resources to facilitate impact investing and philanthropic giving.
Securities / Derivatives
Asia-first Transition Strategy Scouts Opportunities
By ESG Investor | 25/04/2024
Robeco’s Head of Fixed Income argues that the hunt for “perfect” forward-looking emissions data cannot stand in the way of progress.
Securities / Derivatives
SGX RegCo Proposes Rule Change to Empower Shareholders
By Nithya Subramanian | 23/04/2024
Part of a “value focus” approach, the rule change will require issuers to facilitate shareholder requisitioned general meetings.
Enforcement
MAS Issues 12yr Ban Against Former Manulife Agent
By Nithya Subramanian | 23/04/2024
The former agent was convicted last August for deceiving 25 victims to transfer more than S$1.2mn for fictitious investments.
AML / KYC
Singapore Officials Assure Foreign Banks of Stability – Report
By Nithya Subramanian | 22/04/2024
Senior government officials have held briefings with international banks to emphasise Singapore’s safety, reliability and trustworthiness.
ESG / Sustainability
Plugging Risk Gaps Key to Scaling Blended Finance: MAS
By Nithya Subramanian | 22/04/2024
Blended finance volumes have been flat over the past five years. Hence structuring and right-sizing risks are essential to scaling up, said Gillian Tan.
Crypto / Digital Assets
SDAX Launches Securitised Gold Tokens in Singapore
By Nithya Subramanian | 19/04/2024
The securitised tokens allow accredited investors to gain gold exposure without having to physically store the metal.
Enforcement
MAS Bans Former Prudential Representative for 8 Years
By Nithya Subramanian | 19/04/2024
The former insurance agent used client funds for personal expenses rather than to pay the client’s premiums.
ESG / Sustainability
Singapore to Raise $5b for Blended Finance Initiative: MAS
By Nithya Subramanian | 19/04/2024
MAS Managing Director Chia Der Jiun said blended finance will be a primary vehicle to de-risk climate transition projects.
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