Singapore

Fraud, Scams & Cybercrime

Local Banks to Improve Money-locking Features: ABS

By Nithya Subramanian | 15/01/2024

Banks need to be prepared as scammers will continuously modify their techniques, said ABS Director Ong-Ang Ai Boon.

AI Risk & Governance

Lion Global Investors Unveils Singapore’s First Actively Managed ETF

By Nithya Subramanian | 15/01/2024

The active ETF, launched in collaboration with Nomura Asset Management, employs AI models for dynamic portfolio management.

Fraud, Scams & Cybercrime

Singapore Police Using RPA Tech to Disrupt Scams

By Editors | 12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

Custody & Infrastructure

MAS Grants In-principle Licence Approval to Crypto Custody Firm BitGo

By Editors | 12/01/2024

BitGo already obtained a New York trust charter in 2021 and a BaFin crypto custody licence in November 2023.

Structural Regulation

New Bill to Give MAS Greater Investigative Powers

By Nithya Subramanian | 11/01/2024

The proposed law broadens the regulator’s power over unregulated businesses and expands its oversight on key appointments and removals.

Structural Regulation

Teething Issues: OTC Derivatives Reporting Rewrites in APAC

By Manesh Samtani | 10/01/2024

The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.

Anti-Money Laundering

Singapore Tables Bill to Strengthen Measures Against PF Risk

By Editors | 10/01/2024

Gem and precious metal dealers, legal practitioners, moneylenders and pawnbrokers will be required to address proliferation financing risks.

Conduct, Culture & Accountability

Singapore FIDReC Proposes to Raise Adjudication Award Limit

By Editors | 09/01/2024

The adjudication award limit is set at SGD 100,000, however FIDReC says the number of claims exceeding this limit has risen in recent years.

Cryptocurrency

Singapore: AsiaNext Launches Trading in Crypto Derivatives

By Editors | 09/01/2024

AsiaNext said its trading members already include B2C2, Wintermute Group, JB Drax Honoré and Trovio Group.