Monetary Authority of Singapore

Payments & Settlements

SRS Funds Processing Goes Live on Singapore’s New Funds Infrastructure

By Manesh Samtani | 17/09/2024

The Fundnode platform aims to reduce settlement times for the Singapore funds industry from T+7 to T+2.

Anti-Money Laundering

Singapore: Enhanced AML Checks Are Impacting Client Onboarding

By Nithya Subramanian | 17/09/2024

Enhanced checks and controls for banks have started to delay onboarding, but they are expected to lead to a safer business environment.

Conduct, Culture & Accountability

MAS Reprimands Insurance CEO for Compliance Breaches

By Nithya Subramanian | 11/09/2024

The former CEO was aware of breaches but failed to take adequate preventive measures despite written directions from MAS.

ESG Data

BIS, NGFS Developing Enhanced Climate Risk Data Platform

By Editors | 10/09/2024

The NGFS Data Directory 2.0 aims to enhance how the financial sector accesses and utilises climate risk data.

Cryptocurrency

MAS Grants In-principle Digital Assets Licence to JST Digital

By Nithya Subramanian | 09/09/2024

JST Digital was launched in New Jersey in 2018, registered with FinCEN in 2022, and is now on a path to a Singapore licence.

Market Abuse

MAS Bans Former RHB Securities Representative for False Trading

By Nithya Subramanian | 04/09/2024

A five-year PO was issued against a former representative of RHB Securities for manipulating Catalist-listed Koyo International.

Cryptocurrency

MAS Grants Major Payment Institution License to OKX

By Nithya Subramanian | 03/09/2024

OKX also appointed a former MAS official as its Singapore CEO, saying the city-state is a core market for its global strategy.

Structural Regulation

Deadline Fast Approaching for New Trade Reporting Rules in Australia and Singapore

By Manesh Samtani | 03/09/2024

DTCC, MAS and ASIC are calling on market participants to accelerate testing efforts to ensure readiness for new reporting rules that go live on 21 October.

Emerging Prudential Risks

MAS Seeking Data from Insurers on Reinsurance Arrangements

By Nithya Subramanian | 30/08/2024

Insurance companies have reportedly been asked to submit the terms and conditions of their reinsurance contracts to MAS.