Singapore

Market Infrastructure

StanChart Commits to Cutting Emissions in Shipping Portfolio

By Manesh Samtani | 21/04/2021

Standard Chartered has joined 25 other signatories to the Poseidon Principles, a global framework that targets carbon emission cuts in the shipping industry.

Securities / Derivatives

Deutsche to Move Pricing Engine for EM Currencies to Singapore

By Ranamita Chakraborty | 20/04/2021

The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.

AML / KYC

SG Police Probe 31 Individuals for China Official Impersonation Scams

By Ranamita Chakraborty | 19/04/2021

Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.

AML / KYC

MAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures

By Manesh Samtani | 14/04/2021

The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.

AML / KYC

Singapore Court Jails Money Mule for Over 3.5 Years

By Ranamita Chakraborty | 13/04/2021

The woman received more than S$730,000 in criminal proceeds in various bank accounts she set up for her “online lover”.

Enforcement

Singapore: Former Banker Admits to Cheating Seven People

By Editors | 12/04/2021

Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.

AML / KYC

Singapore Court Charges Five Over Shell Company Activity

By Ranamita Chakraborty | 12/04/2021

Between 2016 and 2019, eight police reports were filed by victims who were deceived into wiring around $1.7mn into the bank accounts of Singapore-registered shell companies.

Securities / Derivatives

SGX, NZX Sign Partnership on Dairy Derivatives

By Editors | 10/04/2021

NZX intends to delist its suite of dairy derivatives contracts from the NZX Derivatives Market and relist equivalent contracts on SGX.

SORA Property Loans Provide Interest Rate Stability: UOB

By Editors | 07/04/2021

Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.