SINGAPORE

ESG / Sustainability

Top ASEAN Exchanges to Jointly Develop Sustainability Ecosystem

By Ranamita Chakraborty | 15/02/2024

The exchanges will reconvene in July to finalise the ecosystem’s implementation details, governance framework and operating structure.

Crypto / Digital Assets

More Clarity in Rules Key to Tokenisation of VCCs

By Nithya Subramanian | 15/02/2024

Tokenising VCCs provides the opportunity to drive greater operational cost efficiencies across the fund lifecycle and explore new business models.

AML / KYC

Singapore: More Charges Laid Against Nickel Trading Fraudster

By Nithya Subramanian | 11/02/2024

Ng Yu Zhi was arrested in February 2021 and now faces 108 charges. His bail was revoked following the discovery of a secret HSBC account.

Enforcement

Former CEO of Aon Singapore Charged With Bribery

By Nithya Subramanian | 09/02/2024

Collin Chiew has been accused of receiving SGD 668,000 in bribes and faces five counts of corruption as well as a money laundering charge.

ESG / Sustainability

Gprnt: Simplifying ESG Data Management for Financial Services

By Ranamita Chakraborty | 09/02/2024

Industry experts anticipate the MAS-led digital ESG platform, Gprnt, will improve sustainability reporting across the real economy and financial sector.

Fintech / Regtech

DBS Cuts CEO Compensation Over Digital Banking Disruptions

By Ranamita Chakraborty | 08/02/2024

MAS set expectations last November for DBS to hold its senior management accountable for digital banking disruptions that occurred last year.

Enforcement

Singapore Court Jails Director for Wirecard-related Breach of Duty

By Ranamita Chakraborty | 08/02/2024

The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

AML / KYC

Singapore: ACIP Issues AML/CFT Guidance to Address CSP Risks

By Nithya Subramanian | 07/02/2024

New ACIP paper offers recommendations for banks that receive customer referrals from corporate service providers.

Fintech / Regtech

Singapore Strengthens Measures to Tackle AI Deepfakes

By Nithya Subramanian | 06/02/2024

Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.