Singapore

Fraud, Scams & Cybercrime

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Cloud & Infrastructure

FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

By Mark Johnston | 25/02/2024

MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

Resolution & Recovery

SGX RegCo Proposes Restructuring Rule Changes for Distressed Firms

By Ranamita Chakraborty | 23/02/2024

Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.

Reporting & Disclosures

Navigating the ESG Reporting Landscape in Singapore

By George Cyriac | 23/02/2024

Experts from Morgan Lewis offer a comprehensive look into the dynamic and continuously evolving ESG regulatory landscape in Singapore.

Tokenisation

The Future of Securities Tokenisation and Crypto Regulation 

By Hannah Cassidy | 22/02/2024

With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.

Anti-Money Laundering

Alternative Fund Managers Face Growing AML Risks: Study

By Ranamita Chakraborty | 22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

Cybersecurity

MAS Issues Guidance for FIs on Quantum Cybersecurity Risks

By Ranamita Chakraborty | 20/02/2024

FIs are advised to conduct PoC trials with quantum security solutions to understand operational impacts and implementation challenges.

Structural Regulation

Singapore’s 2024 Budget Introduces Reforms to Boost Investment

By Ranamita Chakraborty | 20/02/2024

Singapore’s budget includes a new investment incentive scheme and other measures that will benefit the financial sector.

Fraud, Scams & Cybercrime

Singapore Scam Cases Skyrocket by 46.8% in 2023: SPF

By Ranamita Chakraborty | 19/02/2024

Singapore Police reported a nearly 50% year-on-year increase in scam cases for 2023, though a slight reduction in losses.