Singapore

Anti-Money Laundering

Swiss Bank Exec Pleads Guilty to ‘Singapore Solution’ Tax Evasion Scheme

By Ranamita Chakraborty | 22/12/2023

Rolf Schnellmann and co-conspirators helped to fraudulently conceal the bank accounts, assets, and income of US taxpayer-clients.

AI Risk & Governance

Singaporeans Open to GenAI, but Concerned About Data Security

By Nithya Subramanian | 21/12/2023

A robust and effective data governance strategy will be crucial for banks to ensure responsible use of AI, said Kanv Pandit of FIS.

Custody & Infrastructure

HashKey Secure Fund Management Licence in Singapore

By Editors | 20/12/2023

With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.

Structural Regulation

SGX Offers Guidance to Listed Companies on Rights Issues

By Nithya Subramanian | 19/12/2023

The guidance came after Stamford Land allocated excess rights shares to directors and controlling shareholders before fully satisfying applications by minority shareholders.

Payments & Settlements

MAS Suspends Non-Bank, Non-Card Channels for China Remittances

By Editors | 19/12/2023

The move is a response to reports that remittances to China made by individuals in Singapore have been subsequently frozen by mainland law enforcement agencies.

Conduct, Culture & Accountability

MAS’ Tighter Hiring Norms to Result in Better Compliance

By Nithya Subramanian | 18/12/2023

The updated guidelines for senior appointments in CMS licensed firms will improve corporate governance and ensure better board accountability.

Conduct, Culture & Accountability

Singapore CGAC Issues Guidance on Shareholder Rights, Remuneration Disclosures

By Nithya Subramanian | 15/12/2023

The guidance is meant to help listed companies improve their shareholder communications and comply with new remuneration disclosure requirements.

Reporting & Disclosures

Bursa Malaysia Tops Asia in Gender Equality on Boards

By Mark Johnston | 14/12/2023

Bursa Malaysia has been ranked as Asia’s top exchange for gender equality in corporate boardrooms by the UN SSE and IFC.

Climate Risk

New Playbook to Develop Carbon Crediting Programmes

By Nithya Subramanian | 14/12/2023

The playbook will define the roles of national registries and crediting programme registries and detail how information should be exchanged.