Singapore

Enforcement

SFC Penalises IPO Sponsor Over Substandard Due Diligence Work

By Editors | 18/10/2021

Ample Capital Limited failed to conduct adequate due diligence on suspicious cash settlements and to keep proper records of its due diligence work.

Securities / Derivatives

HKEX Launches First China A-Share Futures Contract

By Editors | 18/10/2021

The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.

MAS Tightens Monetary Policy Amid Inflation Concerns

By Editors | 14/10/2021

MAS will slightly raise the slope of the S$NEER policy band to ensure medium term price stability while recognising the risks to the economic recovery.

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

By Editors | 13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

Enforcement

Singapore Woman Admits to Receiving Criminal Proceeds

By Ranamita Chakraborty | 11/10/2021

On instructions from a man she met online, a secretary of a law firm opened bank accounts that were used to receive funds stolen from a Botswana bank.

AML / KYC

Singapore: Exemptions for Foreign Offices of FIs Take Effect

By Editors | 10/10/2021

Under the new ‘Branch Framework’, Singapore FIs have to assess whether their overseas representatives are acting on behalf of the Singapore office or the foreign office.

Market Infrastructure

Singapore Launches New Cybersecurity Strategy

By Mark Johnston | 06/10/2021

The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.

AML / KYC

MAS Examining Asiaciti Trust Revelations in Pandora Papers

By Editors | 06/10/2021

The Pandora Papers show that Singapore firm Asiaciti Trust had helped politicians and public officials set up trusts and shell companies in secrecy jurisdictions.

ESG / Sustainability

HSBC, Temasek to Establish Platform to Fund Sustainable Infrastructure

By Editors | 04/10/2021

HSBC and Temasek, with support from ADB and Clifford Capital Holdings, will dispense over $1bn in loans through the platform within 5 years.