Singapore

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    Capital / Liquidity

    How Asian Regulators Have Been Reflecting on 2023 Bank Failures

    By Blake Evans-Pritchard | 18/06/2024

    Asian regulators have been looking at whether the kinds of bank failures that occurred last year could also take place in their home markets.

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    AML / KYC

    MAS, CAD Investigating Seatrium Over ‘Operation Car Wash’

    By Editors | 16/06/2024

    Seatrium disclosed that MAS and the Singapore police have requested further information for a joint investigation.

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    AML / KYC

    Singapore Govt Agencies to Use Common SMS Sender ID

    By Nithya Subramanian | 14/06/2024

    All government agencies in Singapore will use the same SMS Sender ID to safeguard the public against scams.

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    Crypto / Digital Assets

    Ghana, MAS Complete Cross-border Trade PoC Using CBDC

    By Nithya Subramanian | 14/06/2024

    Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.

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    AML / KYC

    Singapore Private Bankers Took Kickbacks from Property Deals

    By Nithya Subramanian | 14/06/2024

    Some private bankers reportedly received 30-50% of the commission for introducing clients to property agents.

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    ESG / Sustainability

    BIS, MAS Develop Prototype Climate Risk Platform

    By Nithya Subramanian | 13/06/2024

    The platform uses NPL techniques to gather regulatory and climate data to help supervisors identify, monitor and manage climate risks.

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    AML / KYC

    Singapore Authorities Tighten Scrutiny of Family Offices

    By Nithya Subramanian | 12/06/2024

    The annual forms for family offices with tax exemptions now ask for more details about beneficial owners and directors.

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    Fintech / Regtech

    Singapore Shift to Flexible Work Calls for Extra Safeguards at FIs

    By Nithya Subramanian | 12/06/2024

    FIs may need to revisit their existing security policies and more closely monitor for staff misconduct.

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    Market Infrastructure

    Singapore Consults on Implementation of Global Minimum Tax

    By Nithya Subramanian | 12/06/2024

    The proposed bill aims to ensure that large MNEs are taxed at 15 percent, in line with international tax reforms drawn up by the OECD.

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    AML / KYC

    Russia to Dirupt FATF Plenary in Singapore, Ukraine Warns

    By Editors | 12/06/2024

    Ukraine is reportedly warning that Russia will send officials to the FATF Plenary in an attempt to “contact, influence and pressure delegates”.

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