Monetary Authority of Singapore

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    Anti-Money Laundering

    MAS Calls for Stronger AML/CFT Controls in Wealth Management

    By Editors | 06/03/2023

    Circular sets out expectations for FIs to review their existing controls to ensure they remain adequate to mitigate ML/TF risks in wealth management.

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    Sustainable Finance

    UK, Singapore Establish ‘Green Economy’ Cooperative Framework

    By Editors | 03/03/2023

    The UK and Singapore will cooperate in the areas set out under three pillars – one being carbon markets and sustainable finance.

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    Trading & Investment

    BondEvalue Approved to Operate Fractional Bond Exchange in GIFT City

    By Editors | 28/02/2023

    GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

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    CBDCs

    BIS Head Outlines Vision for Future Monetary System

    By Mark Johnston | 24/02/2023

    Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.

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    Supervision & Enforcement

    MAS Seeks to Ramp Up Hiring for Enforcement Department

    By Editors | 24/02/2023

    MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.

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    Conduct, Culture & Accountability

    MAS Finalises New Corporate Finance Due Diligence Standards

    By Editors | 24/02/2023

    From 1 October 2023, corporate finance advisers will have to meet new minimum standards when conducting due diligence on transactions.

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    Custody & Infrastructure

    Deutsche Bank Develops Investment Servicing Platform for Digital Funds

    By Editors | 23/02/2023

    The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.

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    Custody & Infrastructure

    Digital Assets Industry is Shifting Focus to “Real Utility”: Report

    By Editors | 22/02/2023

    New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.

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    Payments & Settlements

    Singapore, India Launch Real-time Payments Linkage

    By Editors | 21/02/2023

    The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

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    Reporting & Disclosures

    Singapore Taskforce Issues Final Consultation on Green Taxonomy

    By Editors | 15/02/2023

    This third consultation seeks views on thresholds and criteria for five sectors. GFIT intends to publish the final taxonomy by 1H 2023.

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