Singapore

AML / KYC

MAS Identifies AML/CFT Control Lapses at VCCs

By Manesh Samtani | 14/09/2022

MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.

Securities / Derivatives

Singapore Introduces Bill to Enhance Business Trust Governance

By Editors | 13/09/2022

CEOs will have to disclose interests in transactions. Unlisted business trusts will have to obtain and maintain information on beneficial ownership of their units.

Singapore BNPL Code On Track to Launch This Year

By Sanday Chongo Kabange | 13/09/2022

BNPL providers are exploring a mechanism to share information with one another on customers’ outstanding amounts and their delinquency status.

ESG / Sustainability

SGX RegCo to Further Enhance Corporate Governance Rules

By Manesh Samtani | 13/09/2022

SGX RegCo will consult on mandatory requirements for listed companies to disclose the dollar values of director and CEO remuneration.

ESG / Sustainability

MAS, SGX Launch Digital Disclosure Portal for ESG Data

By Manesh Samtani | 12/09/2022

ESGenome will reduce the effort required of listed entities to report on sustainability, assess impact, and drive informed decision making.

Fintech / Regtech

Singapore-India Real-time Payments Launch Delayed to December

By Editors | 12/09/2022

At least five Indian banks are reportedly in talks with Singapore’s DBS regarding the PayNow-UPI linkage, which was initially meant to launch in July 2022.

Crypto / Digital Assets

DBS to Expand Crypto Offerings to More Clients – Report

By Editors | 11/09/2022

CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.

AML / KYC

Singapore Police Opens New Anti-Scam Command Office

By Editors | 07/09/2022

The opening of the ASCom office was officiated by Minister for Communications & Information Josephine Teo.

Fintech / Regtech

KPMG Launches Embedded Finance Hub in Singapore

By Editors | 06/09/2022

KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.