Singapore

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.

Capital / Liquidity

SGX to Offer Trading in Structured Certificates Linked to Alibaba

By Ranamita Chakraborty | 16/08/2023

Singapore Exchange is the first exchange in Asia to introduce trading in structured certificates, which are third-party issued financial instruments commonly traded in Europe.

Crypto / Digital Assets

Singapore Finalises Regulatory Framework for Stablecoins

By Ranamita Chakraborty | 15/08/2023

Stablecoin issuers will have to meet specific requirements on reserve assets, capital, liquid assets and disclosure to become licensed in Singapore.

Capital / Liquidity

SGX Updates Rules for Life Sciences Listings

By Ranamita Chakraborty | 10/08/2023

Singapore Exchange has clarified that companies seeking a mainboard listing through the life sciences framework do not need to be revenue-generating.

AML / KYC

OCBC Integrates Anti-Malware Feature in Mobile Banking App

By Manesh Samtani | 08/08/2023

OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.

Crypto / Digital Assets

MAS Grants Blockchain.com Major Payment Institution License

By Ranamita Chakraborty | 08/08/2023

Blockchain.com has become the twelfth cryptocurrency exchange in Singapore to be granted a crypto-dealing license, enabling it to provide services to accredited investors and institutions.

Fintech / Regtech

MAS Earmarks S$150m to Propel Innovation in Financial Sector

By Editors | 08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.

Enforcement

Former Remisier Extradited from Spain to Face Fraud Charges in Singapore

By Mark Johnston | 04/08/2023

A former Maybank Kim Eng Securities remisier faces 52 charges for misappropriating SGD 13 million of client funds.