Monetary Authority of Singapore

AML / KYC

MAS Releases Paper to Strengthen Singapore’s Defences Against PF Risk

By Nithya Subramanian | 26/03/2025

The paper provides guidance on PF risks and typologies, risk assessment methodologies, mitigation strategies, and AI-driven detection solutions.

Enforcement

MAS Imposes Six-Year Ban on ex-Financial Adviser

By Mark Johnston | 24/03/2025

A former Professional Investment Advisory Services representative has received a prohibition order for forgery and cheating convictions.

Crypto / Digital Assets

MAS Grants In-Principle Approval to Crypto Major Cumberland

By Nithya Subramanian | 19/03/2025

Cumberland’s regulatory progress in Singapore comes after the US SEC agreed to drop its lawsuit against the firm earlier this month.

ESG / Sustainability

Singapore’s Banks Embrace the Singapore-Asia Taxonomy

By Nithya Subramanian | 19/03/2025

MAS information paper reveals how banks are referencing the taxonomy in their sustainable financing frameworks.

Fintech / Regtech

MAS Engaging with Chocolate Finance Over Suspended Withdrawals

By Nithya Subramanian | 14/03/2025

MAS said it will continue to engage Chocolate Finance to ensure that all customer withdrawals will be met in an “orderly fashion”.

Crypto / Digital Assets

SGX to List Bitcoin Perpetual Futures in H2 2025

By Nithya Subramanian | 11/03/2025

The new contracts, which are pending regulatory approval, will be available only to institutional clients and professional investors.

AML / KYC

MAS Asks Banks to Improve Commodity Financing Risk Controls

By Nithya Subramanian | 07/03/2025

MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.

Crypto / Digital Assets

MAS Grants MPI Licences to Units of Hex Trust, Matrixport

By Nithya Subramanian | 07/03/2025

Both Hex Trust and Matrixport received approval for their Singapore operations after receiving in-principle approvals last year.

Enforcement

MAS Imposes Fines on Five Individuals for False Trading

By Nithya Subramanian | 27/02/2025

Joint investigations by MAS and the police found that the group was artificially inflating the share price of Epicentre Holdings in 2019.