Singapore

AML / KYC

MAS to Deploy Information Sharing Platform for AML/CFT

By Manesh Samtani | 03/10/2021

The COSMIC platform will be developed and deployed in phases. The initial participants are DBS, OCBC, UOB, StanChart, Citibank and HSBC.

Securities / Derivatives

SGX Adds RFQ Functionality for FX Derivatives on OTC Platform

By Editors | 03/10/2021

The RFQ function allows market participants to negotiate and transact block trades in FX futures and options on the Titan OTC Pro platform.

Crypto / Digital Assets

MAS Grants Two New Licences to Provide DPT Services

By Editors | 02/10/2021

DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.

AML / KYC

US DOJ Links Singapore, Hong Kong to Tax Evasion Case

By Editors | 30/09/2021

An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

Market Infrastructure

Singapore Seeks to Become Global Hub for Carbon Trading

By Editors | 29/09/2021

To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.

MAS Publishes Compliance Toolkit for Trust Companies

By Editors | 28/09/2021

The toolkit provides guidance on applications to be submitted to MAS for approval, as well as notifications and reporting requirements.

Market Infrastructure

Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022

By Pongnut Thanaboonchai | 27/09/2021

Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.

ESG / Sustainability

SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021

By Editors | 27/09/2021

Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.

ESG / Sustainability

Singapore: ASFI, WWF Launch Sustainable Finance Academy

By Editors | 21/09/2021

ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS’ guidelines on environmental risk management.