Monetary Authority of Singapore

AML / KYC

A Radical Re-think on Combatting Trade Based Money Laundering

By Kelvin Toh | 24/05/2024

Kelvin Toh discusses the factors hindering current efforts to combat TBML, and what more can be done to combat this activity.

Crypto / Digital Assets

Ghana Completes Cross-border eCedi Transaction With Singapore

By Nithya Subramanian | 21/05/2024

Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.

ESG / Sustainability

MAS, PBOC Advance Collaboration on Green Finance Initiatives

By Nithya Subramanian | 21/05/2024

The deliverables relate to alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.

Enforcement

MAS Issues Prohibition Order Against Former DBS Employee

By Nithya Subramanian | 21/05/2024

Muhammad Hafiz Bin Ismail applied to be a wealth planning manager with DBS but failed to state in his fit and proper declaration that he was under investigation.

Enforcement

Former Eagle Hospitality Trust CEO Charged for Disclosure Breaches

By Nithya Subramanian | 20/05/2024

The former CEO is accused of “reckless” failure to disclose information that was necessary to avoid the establishment of a false market.

Fintech / Regtech

Implementing Singapore’s New OTC Derivatives Reporting Regime

By Manesh Samtani | 20/05/2024

Broadridge’s Carl Hovland and David Farmery talk to Regulation Asia about the measures firms should consider as they implement new OTC derivatives reporting requirements in Singapore.

Capital / Liquidity

MAS Issues Notice on Basel III Implementation

By Editors | 17/05/2024

MAS issued a notice to cancel the 2012 MAS Notice 637 and implement a new notice on the Basel III reforms with effect from 1 July 2024.

Crypto / Digital Assets

Deutsche Bank Joins Singapore’s Project Guardian

By Nithya Subramanian | 15/05/2024

The bank will test an open architecture and interoperable blockchain platform to service tokenised and digital funds.

Crypto / Digital Assets

MAS Grants Major Payment License to XREX Singapore

By Nithya Subramanian | 14/05/2024

The approval authorises six payment services, including cross-border money transfer, e-money issuance and DPT services.