MONETARY AUTHORITY OF SINGAPORE

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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