Singapore

AML / KYC

Singapore Single-Family Offices Scrutinised for Money Laundering Risks

By Ranamita Chakraborty | 12/12/2023

Legal experts advising SFOs view proposed regulatory measures as incremental steps toward AML compliance amid the financial hub’s biggest money laundering scandal.

AML / KYC

Singapore: Resorts World Sentosa Fined for AML Failures

By Editors | 11/12/2023

Resorts World Sentosa did not perform customer due diligence checks and identity verification when receiving cash from third party depositors.

Securities / Derivatives

MAS Updates CMSL Guidance on CEO and Director Appointments

By Manesh Samtani | 09/12/2023

Capital markets firms must ensure proposed CEOs and directors are fit and proper and have 10 years of experience that is “relevant” to the role.

Big Picture

Adapting to Regulatory Changes is a Challenge for Insurers

By Nithya Subramanian | 08/12/2023

Insurers must track regulatory changes and make operational adjustments to meet new requirements, said the Clearwater Analytics survey.

Crypto / Digital Assets

Singapore, China Announce New Bilateral Cooperation Agreements

By Manesh Samtani | 08/12/2023

The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.

ESG / Sustainability

MAS Finalises Code of Conduct for ESG Rating & Data Providers

By Ranamita Chakraborty | 07/12/2023

The regulator expects providers to regularly review their methodologies and data sources for better transparency.

AML / KYC

MAS Consults on Scope of Customers Relevant to COSMIC

By Manesh Samtani | 07/12/2023

Any person who requests the bank in Singapore to carry out a transaction would be in scope, whether or not an account has been opened or the transaction is carried out.

ESG / Sustainability

MAS Establishes Energy Transition Acceleration Finance Partnership

By Editors | 06/12/2023

The new ‘energy transition acceleration finance partnership’ will help to mobilise capital to finance energy transition projects in Asia.

Fintech / Regtech

Singapore Launches New National AI Strategy

By Editors | 06/12/2023

Singapore will collaborate with industry AI product development teams, create focused AI training programmes, and accept AI talent from around the world.