Singapore

Enforcement

Singapore Police Nab 6 Men Linked to Global Cybercrime Syndicate

By Nithya Subramanian | 11/09/2024

The men, suspected of conducting global malicious cyber operations from Singapore, were arrested in an operation involving 160 police officers.

Enforcement

MAS Reprimands Insurance CEO for Compliance Breaches

By Nithya Subramanian | 11/09/2024

The former CEO was aware of breaches but failed to take adequate preventive measures despite written directions from MAS.

ESG / Sustainability

BIS, NGFS Developing Enhanced Climate Risk Data Platform

By Editors | 10/09/2024

The NGFS Data Directory 2.0 aims to enhance how the financial sector accesses and utilises climate risk data.

Crypto / Digital Assets

MAS Grants In-principle Digital Assets Licence to JST Digital

By Nithya Subramanian | 09/09/2024

JST Digital was launched in New Jersey in 2018, registered with FinCEN in 2022, and is now on a path to a Singapore licence.

Enforcement

Singapore Arrests 14 for Offering Unlicensed Payment Services in Casinos

By Nithya Subramanian | 09/09/2024

Police seized over SGD 190,000 in casino chips and cash during a multi-agency enforcement operation at the Marina Bay Sands Casino.

Enforcement

Singapore Charges 6 for Illegal Cross-Border Money Transfers

By Nithya Subramanian | 09/09/2024

The individuals provided unlicensed cross-border money transfer services to China, Myanmar, Bangladesh, Indonesia, and Sri Lanka.

Enforcement

MAS Bans Former RHB Securities Representative for False Trading

By Nithya Subramanian | 04/09/2024

A five-year PO was issued against a former representative of RHB Securities for manipulating Catalist-listed Koyo International.

AML / KYC

Singapore Proposes Law to Empower Police to Stop Scams

By Nithya Subramanian | 03/09/2024

The proposed law will allow police to restrict banking transactions for victims who refuse to believe they are being scammed.

Crypto / Digital Assets

MAS Grants Major Payment Institution License to OKX

By Nithya Subramanian | 03/09/2024

OKX also appointed a former MAS official as its Singapore CEO, saying the city-state is a core market for its global strategy.