Singapore

Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

By Editors | 06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

ESG / Sustainability

China Construction Bank, Gprnt Partner on Sustainable Finance

By Nithya Subramanian | 03/05/2024

This is the first collaboration between a major Chinese financial institution and Gprnt. It is expected to improve access to sustainable finance for SMEs.

Fintech / Regtech

DBS Experiences Disruption Days After MAS Lifts Restrictions

By Nithya Subramanian | 03/05/2024

Customers of the Singapore bank experienced internet banking and payment services disruptions for more than two hours on Thursday.

AML / KYC

Singapore: Two More Sentenced in Money Laundering Case

By Nithya Subramanian | 03/05/2024

Cambodian Su Baolin and Chinese national Zhang Ruijin were sentenced to jail and required to forfeit a combined S$183mn in assets.

Enforcement

MAS Ends Six-Month Pause on Non-Essential Activities at DBS

By Nithya Subramanian | 02/05/2024

MAS will retain the additional capital requirement and “closely monitor” DBS Bank’s progress on the remaining deliverables.

Capital / Liquidity

Redomiciling VCC Funds to Singapore Can Be ‘Daunting’

By Nithya Subramanian | 02/05/2024

Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.

ESG / Sustainability

Common Green Fund Rules Remain Distant Dream

By ESG Investor | 01/05/2024

Investors call for greater clarity and certainty on regulatory expectations around sustainable finance disclosures.

Fintech / Regtech

Four Singapore BNPL Providers Receive Trustmark Accreditations

By Nithya Subramanian | 30/04/2024

The Trustmark indicates a service provider’s commitment to responsible lending and compliance with the BNPL Code of Conduct.

Securities / Derivatives

MAS Tightens Remuneration Disclosure Rule for REIT Managers

By Nithya Subramanian | 29/04/2024

MAS has removed the exemption provision and made it mandatory to disclose CEO and director remuneration in the annual report.