SINGAPORE

Enforcement

Singapore’s Anti-Scam Law Empowering Police Takes Effect

By Nithya Subramanian | 03/07/2025

The new law allows police to issue ROs limiting access to banking and credit facilities for individuals believed to be at imminent risk of transferring money to scammers.

Feature

MAS Proposes Clearer Risk Warnings for Complex Products

By Nithya Subramanian | 02/07/2025

New rules aim to simplify disclosures, strengthen investor assessments, and ensure better safeguards for investors.

AML / KYC

1MDB Liquidators Sue StanChart for $2.7b Over Alleged AML Failures

By Nithya Subramanian | 02/07/2025

Three firms allege that the bank enabled over 100 intra-bank transfers that helped conceal the movement of stolen public funds.

Capital / Liquidity

MAS Proposes New Levies to Recoup Costs of Future Bank Failures

By Nithya Subramanian | 02/07/2025

MAS proposes post-crisis levies on banks to recover resolution costs, with larger contributions from those holding more uninsured deposits.

AML / KYC

US and Singapore Banks Being Used to Launder Scam Proceeds – Report

By Nithya Subramanian | 02/07/2025

Questions are being raised on whether banks are doing enough to detect suspicious activity and prevent abuse.

AML / KYC

Singapore Implements Tougher AML/CFT Rules for Financial Sector

By Manesh Samtani | 01/07/2025

Stricter rules targeting proliferation financing and tightening suspicious transaction reporting deadlines for FIs are now in effect.

Singapore Expands Access to FIDReC Dispute Resolution Services

By Nithya Subramanian | 01/07/2025

FIDReC’s financial dispute resolution services are now available to over 200,000 small businesses and 2,000 non-profits.

AML / KYC

MAS Fines Five Payment Firms for AML/CFT Lapses

By Nithya Subramanian | 01/07/2025

MAS investigations found lapses in customer due diligence, identifying beneficial owners and cross-border transaction monitoring.

Securities / Derivatives

Singapore Retail Investors Face Hurdles Exercising Rights: Survey

By Nithya Subramanian | 30/06/2025

The SIAS survey revealed that retail investors continue to face challenges in exercising their rights and calls for stronger protections.