Singapore

Big Picture

Singapore Introduces Financial Penalties Under New Copyright Scheme

By Ranamita Chakraborty | 08/11/2023

The Intellectual Property Office of Singapore can take regulatory actions against CMOs for breaching license conditions, including imposing financial penalties.

Crypto / Digital Assets

Investor Protection is Key to Singapore, Hong Kong Crypto Regulations

By Nithya Subramanian | 08/11/2023

As Singapore and Hong Kong regulators navigate the fast-changing digital assets landscape, investor protection takes centerstage.

Fintech / Regtech

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Fintech / Regtech

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

Enforcement

Seven FIUs Pledge to Collaborate Against Illegal Wildlife Trade

By Mark Johnston | 07/11/2023

The FIUs pledge to prevent, detect and disrupt financial activity linked to illegal wildlife trade.

Market Infrastructure

Singapore to Introduce New Investment Regime for Critical Entities

By Manesh Samtani | 06/11/2023

The new investment management regime will cover entities that are critical to Singapore’s national security interests but are not yet adequately covered under existing legislation.

AML / KYC

Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants

By Nithya Subramanian | 06/11/2023

The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.

Securities / Derivatives

MAS Offers Update on Changes to Complex Products Regime

By Manesh Samtani | 05/11/2023

MAS will adopt some changes to streamline the complexity criteria for CIS. Other changes will be addressed in a new consultation in H1 2024.

Big Picture

Why Vigilance is Crucial in Compliance

By Ranamita Chakraborty | 02/11/2023

WRISE group head of risk and compliance and former police officer Gaven Koh discusses the need for heightened vigilance amid Singapore’s biggest money laundering scandal