Singapore

Anti-Money Laundering

Singapore: $1.4b from Overseas Suspects Surrendered to State

By Nithya Subramanian | 20/11/2024

Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.

Fraud, Scams & Cybercrime

Singapore Court Sentences Hin Leong Founder to 17.5 Years Jail

By Nithya Subramanian | 19/11/2024

OK Lim was sentenced for defrauding HSBC and instigating forgery. The court said his actions severely damaged Singapore’s reputation.

Fraud, Scams & Cybercrime

Singapore Police Investigate 288 Suspects in Scams Totaling S$6.54m

By Nithya Subramanian | 18/11/2024

The Singapore Police Force conducted a two-week operation uncovering 1,208 scam cases, including job, e-commerce, and investment scams.

Sustainable Finance

EU-China CGT Expanded to Include Singapore-Asia Taxonomy

By Nithya Subramanian | 15/11/2024

The Multi-Jurisdiction Common Ground Taxonomy establishes a comparative framework of the sustainable finance taxonomies of China, the EU and Singapore.

AI Risk & Governance

APAC Regulatory Environment for GenAI Needs to Remain Flexible

By Eugene Goyne | 15/11/2024

As the use cases for GenAI in the financial sector grow, regulators will play a critical role in how GenAI applications are shaped and brought to market.

Sustainable Finance

MAS Releases Interim Report from Transition Credits Coalition

By Nithya Subramanian | 15/11/2024

The report describes the issues involved in developing and applying transition credits, and sets out a framework to scale these credits for coal phaseouts.

Sustainable Finance

MAS and Industry Partner to Launch Online Philanthropy Platform

By Nithya Subramanian | 15/11/2024

The online platform will provide tools and resources to enable finance professionals to enhance their philanthropy advisory services.

Sustainable Finance

Singapore Pledges $500m in Concessional Funding for Climate Action

By Nithya Subramanian | 13/11/2024

The government will match every dollar, up to $500mn, of concessional capital committed by other partners involved in the FAST-P initiative.

Fraud, Scams & Cybercrime

Singapore Introduces Bill to Give Police Additional Anti-Scam Powers

By Nithya Subramanian | 12/11/2024

The bill will allow the police to impose restrictions on individuals’ bank accounts and credit access if necessary to protect them from scams.