Singapore

Enforcement

MAS Issues 10-Year Ban Against Individual for Dishonest Conduct

By Editors | 10/05/2021

The individual carried out fund management activities without holding a capital markets services licence, and later convicted of cheating and imprisoned.

Market Infrastructure

MAS Issues Revised Corporate Governance Guidelines for FIs

By Manesh Samtani | 09/05/2021

The guidelines provide good practices that financial institutions should observe in relation to their corporate governance and remuneration frameworks.

Enforcement

SGX RegCo Deploys AI & Machine Learning to Detect Risk

By Editors | 06/05/2021

SGX RegCo is adapting information from companies’ disclosures into structured data that can be more quickly analysed.

Fintech / Regtech

MAS Launches FinTech Hackcelerator Focused on Green Finance

By Editors | 06/05/2021

Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.

Enforcement

Singapore Court Jails Former CFO for Loan Fraud

By Ranamita Chakraborty | 05/05/2021

The former CFO of Coastal Oil Singapore conspired with three colleagues to deceive 8 banks into disbursing over $300mn in loans.

Fintech / Regtech

Regulatory Reporting Lessons from Singapore and Australia

By Editors | 04/05/2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

Enforcement

SG Police Lays 23 Forgery Charges Against Hin Leong Founder

By Editors | 03/05/2021

Lim Oon Kuin now faces a total of 25 charges – 14 counts of abetment of forgery for the purpose of cheating, and 11 counts of abetment of forgery simpliciter.

AML / KYC

Data Analytics Becoming Embedded at Singapore FIs

By Manesh Samtani | 02/05/2021

The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.

Fintech / Regtech

MAS Launches RegTech Grant Scheme, Enhances DAG Scheme

By Editors | 01/05/2021

The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.