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Anti-Money Laundering
MAS Finalising New Data-sharing Platform for Banks
By Manesh Samtani | 05/08/2021
The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.
Cryptocurrency
UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider
By Manesh Samtani | 02/08/2021
MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.
Structural Regulation
Singapore Offers Guidance on Converting Legacy SOR Contracts
By Manesh Samtani | 29/07/2021
Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.
Payments & Settlements
BIS, MAS Set Out Blueprint for Cross-border Payments
By Ranamita Chakraborty | 29/07/2021
BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
Capital Adequacy
MAS Ends Dividend Cap for Banks, Finance Companies
By Editors | 29/07/2021
Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.
Sustainable Finance
Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits
By Sanday Chongo Kabange | 27/07/2021
Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.
Fraud, Scams & Cybercrime
MAS to Review Liability Framework for Card Scams by Year-end
By Ranamita Chakraborty | 27/07/2021
The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
Cryptocurrency
Singapore: “Several” DPT Licences in Final Stages of Review
By Editors | 27/07/2021
Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.
Cloud & Infrastructure
MAS, SFA Launch 2021 SFF Global FinTech Awards
By Ranamita Chakraborty | 22/07/2021
The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.
Market Abuse
Singapore: Three Individuals Charged for Insider Trading
By Editors | 22/07/2021
The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.
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