Singapore

Fintech / Regtech

Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’

By Editors | 13/04/2022

The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.

ESG / Sustainability

SGX Set to List First ETF Based on New Low Carbon Index

By Editors | 12/04/2022

The ETF will allow investors to buy just one unit at a time, a feature aimed at attracting investment from younger and newer investors.

Fintech / Regtech

Singapore Crypto Firms Offered Clarity on Advertising Ban

By Darien Choong | 12/04/2022

Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

MAS Publishes Compliance Toolkit for Financial Advisers

By Editors | 09/04/2022

The toolkit provides guidance to facilitate compliance by financial advisers with MAS approval and reporting requirements.

Enforcement

Singapore Court Upholds Convictions of Russian, Singapore Nationals

By Editors | 08/04/2022

The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.

AML / KYC

Singapore Jails Man for Money Laundering, Email Fraud

By Editors | 07/04/2022

The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.

AML / KYC

Singapore Tightens Laws on Technology Risk, Crypto Assets

By Sanday Chongo Kabange | 06/04/2022

FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.

AML / KYC

Singapore Banks to Station More Staff at Anti-Scam Centre

By Editors | 05/04/2022

While banks have been supporting the police’s Anti-Scam Centre for the past three years, only DBS currently has staff physically located inside the centre.

Market Infrastructure

Singapore CSA Developing Technical Reference on Cybersecurity

By Editors | 05/04/2022

The Technical Reference will provide guidance on the adoption of tiered cybersecurity measures to address the different risk profiles of enterprises.