SINGAPORE

AML / KYC

‘COSMIC’ Information Sharing Platform Launches in Singapore

By Editors | 01/04/2024

COSMIC allow banks to share information on suspicious customers or transactions to help detect and prevent financial crime.

AML / KYC

Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

By Manesh Samtani | 30/03/2024

New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

AML / KYC

MAS Extends Suspension on “Non-Specified Channels” for China Remittances

By Ranamita Chakraborty | 30/03/2024

Since the initial suspension in December, MAS has not received reports of remittances to China being frozen.

Crypto / Digital Assets

MAS to Clarify Regulatory Treatment of Tokenised Funds

By Ranamita Chakraborty | 28/03/2024

MAS is reviewing its regulatory framework to ensure it addresses the legal and regulatory implications of tokenised funds.

ESG / Sustainability

Former MAS Chief Takes on Role as Ambassador for Climate Action

By Ranamita Chakraborty | 28/03/2024

Ravi Menon was the longest-serving managing director at MAS where he spearheaded initiatives in green finance, transition financing and blended finance.

AML / KYC

MAS Requiring Family Office Applicants to Respond to Queries Faster

By Ranamita Chakraborty | 27/03/2024

A 30-day deadline is being reportedly imposed for responses to queries from the regulator. Late responses could result in application dismissal.

Securities / Derivatives

SGX RegCo Requires Large Issuers to Submit Proposed AGM Dates

By Ranamita Chakraborty | 27/03/2024

The regulator highlighted that shareholders’ ability to attend AGMs is hindered if multiple AGMs are clustered within the same period.

Securities / Derivatives

SGX to Start Disclosing Commodity Positions of Traders in Q3

By Editors | 26/03/2024

SGX will start disclosing commitment of traders reports weekly, initially for iron ore, rubber and freight, to attract more overseas participation in its markets.

Securities / Derivatives

SGX Proposed to Refine Cap on Clearing Member Liability

By Editors | 25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.