Singapore

Enforcement

MAS Bans Former Prudential Representative for 8 Years

By Nithya Subramanian | 19/04/2024

The former insurance agent used client funds for personal expenses rather than to pay the client’s premiums.

ESG / Sustainability

Singapore to Raise $5b for Blended Finance Initiative: MAS

By Nithya Subramanian | 19/04/2024

MAS Managing Director Chia Der Jiun said blended finance will be a primary vehicle to de-risk climate transition projects.

ESG / Sustainability

MAS Unveils 3yr Plan to Upskill Sustainable Finance Workforce

By Nithya Subramanian | 18/04/2024

MAS is setting aside S$35mn to support upskilling and reskilling and develop specialists in sustainable finance over the next three years.

ESG / Sustainability

Singapore to Launch Emission Factors Registry for Local Use

By Nithya Subramanian | 18/04/2024

The registry’s database will be developed in phases. The initial set of data will be ready by the end of 2024.

AML / KYC

Singapore Banks Averted S$72.7m in Scam Losses in 2023: ABS

By Nithya Subramanian | 17/04/2024

The ABS has also launched a mascot design competition to encourage wider participation in the ongoing fight against scams.

Fintech / Regtech

ISDA Extends Digital Regulatory Reporting Initiative

By Editors | 17/04/2024

The initiative is being extended to cover new derivatives reporting rules in the UK, Australia and Singapore.

AML / KYC

Third Man Jailed in Singapore’s Billion Dollar Money Laundering Case

By Nithya Subramanian | 17/04/2024

Chinese national Wang Baosen jailed for 13 months and required to forfeit over S$8mn in assets as part of his plea deal.

ESG / Sustainability

Temasek, UBS, DBS Launch Philanthropy Matching Platform

By Editors | 15/04/2024

The “Co-Axis” platform connects funders such as family offices with early-stage businesses, charitable organisations, and blended finance projects.

Fintech / Regtech

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.