Singapore

Cloud & Infrastructure

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.

Anti-Money Laundering

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.

Structural Regulation

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.

Anti-Money Laundering

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.

Trading & Investment

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.

Anti-Money Laundering

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

Reporting & Disclosures

How Singapore is Leading Innovation in Transparency for the Knowledge Economy

By Jarett Decker | 01/11/2023

Jarett Decker discusses Singapore’s new Intangibles Disclosure Framework, developed in just 12 months to tackle a complex problem that “languishes elsewhere”.

Operational Risk

MAS Imposes Restrictions on DBS Over Service Disruptions

By Editors | 01/11/2023

DBS has to suspend business acquisitions and non-essential changes to its IT systems, instead dedicating its resources and attention to technology resiliency.

Payments & Settlements

MAS to Launch POC to Enhance Interoperability for QR Payments

By Editors | 01/11/2023

The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.