Singapore

Fintech / Regtech

Singapore Enhances Anti-Scam Safeguards for High-value Transfers

By Nithya Subramanian | 05/10/2025

Seven major banks will apply enhanced fraud checks on accounts above SGD 50,000 to curb scams that rapidly drain customer accounts.

AML / KYC

Singapore Jails Korean National Over S$1.55b TBML Scheme

By Nithya Subramanian | 03/10/2025

Kim Taek-hoon was sentenced for his role in converting illicit cash from abroad into gold bars for smuggling to South Korea and Japan.

Crypto / Digital Assets

OKX Enables Stablecoin Payments at GrabPay Merchants in Singapore

By Nithya Subramanian | 02/10/2025

The launch of OKX Pay allows Singapore consumers to use USDT and USDC for daily purchases at GrabPay merchants, with payments settled in Singapore dollars via StraitsX’s XSGD stablecoin.

Fintech / Regtech

APAC Payments Sector Faces Urgent Call to Act on Quantum Computing Risks

By Editors | 02/10/2025

An industry report warns of "harvest-now, decrypt-later" cyber threats and urges banks and payment providers to upgrade cryptographic defences amid a significant awareness gap.

AML / KYC

Singapore Court Blocks 1MDB Liquidators from Suing Banks Over Pre-2018 Deals

By Nithya Subramanian | 02/10/2025

The court dismissed attempts by 1MDB liquidators to claw back funds from Standard Chartered and BSI, citing a legal cut-off that excludes transactions predating the city-state’s 2018 insolvency law.

Fintech / Regtech

APAC Firms Face Major ‘Execution Gap’ in Responsible AI - Report

By Manesh Samtani | 30/09/2025

A new report finds that while many APAC firms have responsible AI strategies, very few have fully operationalised them.

Market Infrastructure

MAS to Simplify Tax Scheme, Account Opening for Family Offices

By Nithya Subramanian | 30/09/2025

MAS will ease reporting and documentation for family office tax schemes, while a new working group is targeting more efficient account opening through AI.

Fintech / Regtech

MAS Completes Quantum Security Trials to Safeguard Financial Networks

By Nithya Subramanian | 30/09/2025

A proof-of-concept sandbox on QKD highlighted both benefits and gaps, with findings revealing the need for interoperability, stronger assurance, and international standards.

Enforcement

Thailand's Deputy Finance Minister Linked to Dirty Money Network - Report

By Editors | 29/09/2025

Vorapak Tanyawong allegedly used Singapore VCCs to conceal the takeover of a Thai finance company that was used to launder scam proceeds from Cambodia.