SINGAPORE

Enforcement

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Fintech / Regtech

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Securities / Derivatives

SGX RegCo Proposes Restructuring Rule Changes for Distressed Firms

By Ranamita Chakraborty | 23/02/2024

Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.

ESG / Sustainability

Navigating the ESG Reporting Landscape in Singapore

By George Cyriac | 23/02/2024

Experts from Morgan Lewis offer a comprehensive look into the dynamic and continuously evolving ESG regulatory landscape in Singapore.

Crypto / Digital Assets

The Future of Securities Tokenisation and Crypto Regulation 

By Hannah Cassidy | 22/02/2024

With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.

AML / KYC

Alternative Fund Managers Face Growing AML Risks: Study

By Ranamita Chakraborty | 22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

Fintech / Regtech

MAS Issues Guidance for FIs on Quantum Cybersecurity Risks

By Ranamita Chakraborty | 20/02/2024

FIs are advised to conduct PoC trials with quantum security solutions to understand operational impacts and implementation challenges.

Fintech / Regtech

Singapore’s 2024 Budget Introduces Reforms to Boost Investment

By Ranamita Chakraborty | 20/02/2024

Singapore’s budget includes a new investment incentive scheme and other measures that will benefit the financial sector.

AML / KYC

Singapore Scam Cases Skyrocket by 46.8% in 2023: SPF

By Ranamita Chakraborty | 19/02/2024

Singapore Police reported a nearly 50% year-on-year increase in scam cases for 2023, though a slight reduction in losses.