Singapore

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.

Anti-Money Laundering

Singapore Secures Second Conviction in Money Laundering Case

By Nithya Subramanian | 05/04/2024

Cypriot national Su Haijin, known for trying to escape from the police last August, agreed to forfeit about S$165mn in assets.

Cryptocurrency

MAS Grants MPI License to Crypto Market Maker GSR

By Nithya Subramanian | 05/04/2024

The new licence enables GSR Markets to offer marketing making and over-the-counter trading services in Singapore.

Cybersecurity

Singapore Tables Bill in Parliament to Amend Cybersecurity Act

By Nithya Subramanian | 04/04/2024

Under the amendments, data centres, cloud services and other foundational digital infrastructure will be subject to a “light-touch” regulatory treatment.

Conduct, Culture & Accountability

Singapore to Implement Vulnerable Customer Safeguards in H2 2025

By Nithya Subramanian | 03/04/2024

Lawrence Wong said MAS aims to issue revised standards by Q4 2024, for implementation by the industry no later than H2 2025.