SINGAPORE

MAS Enhances Safeguards for Vulnerable Advice Customers

By Manesh Samtani | 28/08/2023

Financial advisory firms have to identify vulnerable customers, conduct pretransaction checks, and ask a “trusted individual” to be present during the sales and advisory process.

ESG / Sustainability

Singapore, Sri Lanka Forge Partnership to Develop Carbon Credit Agreement

By Ranamita Chakraborty | 24/08/2023

Under the agreement, Singapore’s carbon tax-liable companies can purchase carbon credits from eligible projects to offset up to 5 percent of their taxable emissions.

Crypto / Digital Assets

Trend of Rising Crypto Scams Seen In A&A Blockchain Case

By Ranamita Chakraborty | 23/08/2023

Industry experts spoke to Regulation Asia about crypto scams in the context of charges brought against four A&A Blockchain executives who scammed 12 individuals into investing in a crypto mining scheme.

Capital / Liquidity

SGX RegCo Issues Alert Against Dasin Retail Trust

By Sanday Chongo Kabange | 22/08/2023

An individual apparently bought units to push up the price of Dasin Retail Trust, a China retail property trust providing exposure to the GBA.

Enforcement

SGX RegCo Plans Market Consultation on Requisitioned Meetings

By Ranamita Chakraborty | 22/08/2023

SGX RegCo is planning a market consultation on changes to the listing rules on requisitioned meetings.

Securities / Derivatives

Abaxx Seeks to Launch World’s First Nickel Sulphate Futures in Singapore

By Mark Johnston | 21/08/2023

Nickel sulphate is a key ingredient of EV batteries. The launch of the new futures contract is subject to review by MAS.

ESG / Sustainability

DBS Partners TÜV SÜD to Provide Sustainability Assurance to Companies

By Ranamita Chakraborty | 17/08/2023

The collaboration aims to promote sustainability best practices, amid Singapore’s proposed mandatory climate reporting and increasing demand for sustainability-related training.

AML / KYC

Ex-Sembcorp Marine Exec Charged in Singapore for Corruption Offences

By Editors | 17/08/2023

The former executive obtained or attempted to obtain bribes totalling more than SGD 202,000 over six years, the CPIB said.

AML / KYC

Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering

By Manesh Samtani | 16/08/2023

The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.