SINGAPORE

MAS to Consider Stronger Safeguards for Inter-bank Transfers

By Nithya Subramanian | 27/06/2025

Currently, with no built-in verification of recipient names, the onus is on the sender to ensure the accuracy of inter-bank transfers.

Capital / Liquidity

MAS Issues New Guidance to Strengthen VCC Governance

By Nithya Subramanian | 27/06/2025

A thematic review revealed gaps in custody arrangements, director appointments, fund management substance, and AML controls.

ESG / Sustainability

Singapore Business Federation Calls for Climate Disclosure Deadline Extension

By Nithya Subramanian | 27/06/2025

The SBF recommends extending the compliance deadline by 1-2 years to allow small- and mid-cap companies to build up their capabilities.

AML / KYC

Singapore Agencies Issue Advisory to Stop Use of NRIC for Authentication

By Manesh Samtani | 27/06/2025

New joint advisory from the PDPC and CSA calls on private organisations to immediately cease the use of NRIC numbers for authentication.

Fintech / Regtech

MAS, ABS Launch Entity to Govern Singapore’s Payment Schemes

By Nithya Subramanian | 26/06/2025

The new not-for-profit entity, formed by MAS and several D-SIBs, will transition to full operational readiness by end-2026.

ESG / Sustainability

Singapore Releases Draft Guidance on Use of Voluntary Carbon Credits

By Nithya Subramanian | 25/06/2025

The guidance is designed to support credible corporate decarbonisation plans and enhance market confidence in VCMs.

Securities / Derivatives

SGX Eyes Expansion of Emerging Market Currency Offerings

By Nithya Subramanian | 25/06/2025

SGX is strengthening its global presence with the launch of BRL futures, growth in its T+1 trading session, and plans to invest further in digitisation.

Sanctions

New US Sanctions Target Iran Defence Procurement, Houthi Oil Smuggling

By Manesh Samtani | 22/06/2025

The sanctions target entities in Iran, China, Singapore, Hong Kong and Turkiye for supporting the procurement of sensitive machinery for Iran’s defence industry.

AML / KYC

Singapore, Malaysia and Hong Kong Arrest 11 Suspects in Joint Scam Crackdown

By Thisanka Siripala | 19/06/2025

The authorities in Singapore, Malaysia and Hong Kong have arrested eleven individuals suspected of operating a transnational scam syndicate that […]