Singapore

Trading & Investment

IMAS Launches New Model Framework for Discretionary Mandates

By Nithya Subramanian | 16/01/2025

The Model Discretionary Investment Management Agreement aims to help improve operational efficiency and promote best practices.

AI Risk & Governance

What Makes Asia a Hub for Innovative Regulation?  

By Manoj Singh | 14/01/2025

The RBI’s Manoj Singh says Asia is a natural hub for innovative regulation, with Singapore increasingly being recognised for its leadership in fintech

Anti-Money Laundering

MAS Issues New AML/CFT Notice for Market Operators

By Nithya Subramanian | 14/01/2025

The notice targets risks that arise from non-FI direct participants, which are not subject to the same AML/CFT requirements applicable to FI direct participants

Market Abuse

MAS Imposes Civil Penalty Action in False Trading Case

By Nithya Subramanian | 14/01/2025

Gui Boon Sui was fined S$350,000 and barred from being involved in the management of a company for two years

Data Privacy

Singapore Reviewing Incident Involving Exposed NRIC Numbers

By Editors | 09/01/2025

500,000 queries were made over the five days when NRIC numbers were exposed. It is not known how many NRIC numbers were disclosed, or whether computer bots were used.

Structural Regulation

Singapore, Malaysia to Special Economic Zone in Malaysia’s Johor State

By Editors | 09/01/2025

Singapore and Malaysia aim to attract investments in 11 sectors, including the digital economy, the green economy, and financial services.

Fraud, Scams & Cybercrime

Singapore Passes Law to Give Police Stronger Anti-Scam Powers

By Manesh Samtani | 08/01/2025

The law allows the police to issue restriction orders to prevent bank account holders from making transfers to scammers.

Tokenisation

OCBC Launches First Sale of ‘Bespoke’ Tokenised Bonds

By Editors | 07/01/2025

OCBC said the bonds are structured based on the investor’s desired tenor and yield before being minted

Anti-Money Laundering

Unlocking the Value of GenAI in Financial Crime Compliance

By Bradley Maclean | 07/01/2025

SymphonyAI’s Craig Robertson, DBS’ Lam Chee Kin and BOS’ Ng Kok Keong discuss the use of AI in financial crime compliance.