Singapore

Trade Based Money Laundering

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.

Payments & Settlements

MAS, ABS to Form New Entity to Govern Singapore Payments System

By Nithya Subramanian | 13/02/2025

Administration and governance of Singapore’s various payment schemes will be consolidated under a new entity.

PEPs & Sanctions

Singapore-Listed Firm Linked to Myanmar Junta’s Oil Supply

By Nithya Subramanian | 10/02/2025

Singapore-listed Interra Resources reportedly supplied oil worth more than $150mn to Myanmar’s military regime.

Reporting & Disclosures

Taxonomies in Southeast Asia Lack Ambition – Fitch

By ESG Investor | 06/02/2025

Sustainable Fitch says limited uptake could be attributed to the high benchmarks required for activities to qualify as transitional

Anti-Money Laundering

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

Cryptocurrency

Monochrome Group Registers Crypto ETFs in Singapore

By Nithya Subramanian | 06/02/2025

Monochrome’s Bitcoin and Ethereum ETFs have been registered with MAS as restricted schemes, making them accessible to accredited and institutional investors.

Capital Adequacy

Singapore Banks Well Prepared for Fully Phased-In Basel III Regime

By Manesh Samtani | 03/02/2025

Analysis from Bloomberg Intelligence shows that Singapore’s major banks face contained capital pressure under the final Basel III rules

Structural Regulation

SGX RegCo to Review Query Regime to Ensure Consistency in Approach

By Nithya Subramanian | 27/01/2025

Tan Boon Gin said SGX RegCo will conduct a review of its query regime to see if it has been applying the materiality principle consistently

Structural Regulation

Singapore Eases Monetary Policy for First Time in 5yrs

By Nithya Subramanian | 27/01/2025

MAS cited quicker-than-expected easing of inflation and a projected slowdown in economic growth