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AML / KYC
MAS Fines Five Payment Firms for AML/CFT Lapses
By Nithya Subramanian | 01/07/2025
MAS investigations found lapses in customer due diligence, identifying beneficial owners and cross-border transaction monitoring.
Securities / Derivatives
Singapore Retail Investors Face Hurdles Exercising Rights: Survey
By Nithya Subramanian | 30/06/2025
The SIAS survey revealed that retail investors continue to face challenges in exercising their rights and calls for stronger protections.
MAS to Consider Stronger Safeguards for Inter-bank Transfers
By Nithya Subramanian | 27/06/2025
Currently, with no built-in verification of recipient names, the onus is on the sender to ensure the accuracy of inter-bank transfers.
Capital / Liquidity
MAS Outlines Supervisory Expectations for VCCs
By Nithya Subramanian | 27/06/2025
A thematic review revealed gaps in custody arrangements, director appointments, fund management substance, and AML controls.
Fintech / Regtech
MAS, ABS Launch Entity to Govern Singapore’s Payment Schemes
By Nithya Subramanian | 26/06/2025
The new not-for-profit entity, formed by MAS and several D-SIBs, will transition to full operational readiness by end-2026.
Big Picture
UK Regulators Told to Learn from Singapore’s Pro-Business Model
By Thisanka Siripala | 16/06/2025
A House of Lords committee said Singapore’s faster approvals and pro-business culture should guide UK reforms to enhance competitiveness and growth.
Securities / Derivatives
The Path to Readiness for HKMA’s Derivatives Reporting Rewrite
By Priya Kundamal | 16/06/2025
HKMA’s new derivatives reporting rules require firms to prioritise testing and stakeholder engagement, writes DTCC’s Priya Kundamal.
Crypto / Digital Assets
Bitget and Bybit Consider Move Away from Singapore: Report
By Nithya Subramanian | 12/06/2025
Both firms, which operate in Singapore without a full licence, are considering reassigning staff to Dubai or Hong Kong.
Fintech / Regtech
MAS Sets Deadline for Mandatory 2FA on Online Financial Platforms
By Nithya Subramanian | 12/06/2025
MAS has set a 12 September 2025 deadline for financial institutions to implement 2FA. Other safeguards include prompt notifications and strong password policies.
Fintech / Regtech
Singapore Eyes Green, Digital Finance to Boost China-ASEAN Ties
By Nithya Subramanian | 12/06/2025
MAS deputy managing director Leong Sing Chiong said FIs are exploring partnerships in areas such as capital market linkages, digital finance and sustainable finance.
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