Singapore

Reporting & Disclosures

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.

Fraud, Scams & Cybercrime

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.

Market Data & Technology

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.

Anti-Money Laundering

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.

Sustainable Finance

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.

Fraud, Scams & Cybercrime

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.

Cybersecurity

MAS, Mastercard Agree to Cooperate on Cybersecurity

By Editors | 10/04/2024

The MoU covers intelligence sharing and joint analysis of cyber threats impacting financial services as well as competency-building activities.

Nature & Biodiversity

CIX Launches Nature-Based Carbon Removal Contracts

By Nithya Subramanian | 09/04/2024

Climate Impact X said the contracts are designed to give buyers confidence and certainty in the projects delivered.

Payments & Settlements

MAS Grants Major Payment Institution Licence to TerraPay

By Nithya Subramanian | 08/04/2024

The licence enables TerraPay to offer account issuance, money transfer, merchant acquisition, and e-money issuance services.