MONETARY AUTHORITY OF SINGAPORE

AML / KYC

Singapore to Consult on Scam Loss Sharing Framework Next Month

By Editors | 19/09/2023

Minister Alvin Tan said the government aims to publish a consultation paper on the “Shared Responsibility Framework” next month, focusing on phishing scams as a start.

Fintech / Regtech

Singapore Banks Integrate Anti-Malware Feature in Mobile Apps

By Editors | 19/09/2023

The security feature enables banks to block access to their mobile apps and alert the customer if malware is detected on their device.

Crypto / Digital Assets

Citi Become First Digital Custodian on BondbloX Bond Exchange

By Editors | 18/09/2023

Citi clients can become participants of BondbloX Bond Exchange to trade both fractionalised and full-sized bonds.

Crypto / Digital Assets

Stablecoin Summer: How Three Months of Policy And Innovation Could Shape the Future of the Ecosystem

By Ari Redbord | 18/09/2023

Ari Redbord and Angela Ang discuss recent developments which made the summer of 2023 a hot one for stablecoins.

Enforcement

MAS Imposes 9-Year Ban on Directors of Three Arrows Capital

By Manesh Samtani | 15/09/2023

MAS reprimanded the bankrupt crypto hedge fund for regulatory violations last June. The regulator has since uncovered additional violations.

Crypto / Digital Assets

“Consistency” and “Cooperation” To Form Next Steps in Crypto Regulation

By Jill Wong | 15/09/2023

Chengyi Ong, Chainalysis’ head of policy, APAC, talks to Regulation Asia about the perceived policy direction in crypto regulations.

ESG / Sustainability

Singapore Launches Largest Ever Equity ETF to Drive Climate Action

By Editors | 14/09/2023

The SGX-listed fund is managed by BlackRock and anchored by Prudential, with additional backing from investors that include Temasek and Singlife.

AML / KYC

Singapore Announces New Initiatives to Support Family Offices

By Editors | 14/09/2023

The initiatives will help new family offices orientate themselves in Singapore and strengthen their financial crime compliance capabilities.

Crypto / Digital Assets

JPMorgan Seeks Regulatory Approval to Launch ‘Digital Deposit Token’

By Editors | 13/09/2023

The deposit token would represent a digital claim against a commercial bank deposit, and could be used for instant payments and settlements across the financial system.