Monetary Authority of Singapore

Enforcement

Mounties Lawsuit Shines Spotlight on Financial Crime Advisers

By Nathan Lynch | 10/10/2025

AUSTRAC’s civil claim against Mounties for alleged AML/CTF breaches has sent a quiet shot across the bows of external consultants, writes Nathan Lynch.

Securities / Derivatives

Fullerton Launches First Retail Fund Under MAS’ EQDP

By Nithya Subramanian | 09/10/2025

The launch aligns with MAS’s strategy to deepen the domestic equities market, enhance capital efficiency, and improve long-term investor engagement.

Enforcement

MAS Bars Two from Great Eastern Financial Advisers for Forgery, Concealment

By Nithya Subramanian | 09/10/2025

MAS has imposed a three-year ban on Marcus Tham and Charles Chong after determining they are not “fit and proper persons” under the FSMA.

Sanctions

MAS Clarifies Sanctions Scope After Russia-Linked Stablecoin Appears at Conference

By Manesh Samtani | 08/10/2025

The issuer of A7A5, owned by a sanctioned Moldovan fugitive banker and Russia’s state-owned Promsvyazbank, was featured as a sponsor at Token2049.

Enforcement

Former REIT Manager Charged for Insider Trading, MAS Reveals

By Nithya Subramanian | 06/10/2025

Xie Jianfeng faces insider trading and deception charges under the Securities and Futures Act for trades made while privy to confidential financial results.

Fintech / Regtech

Singapore Enhances Anti-Scam Safeguards for High-value Transfers

By Nithya Subramanian | 05/10/2025

Seven major banks will apply enhanced fraud checks on accounts above SGD 50,000 to curb scams that rapidly drain customer accounts.

Market Infrastructure

MAS to Simplify Tax Scheme, Account Opening for Family Offices

By Nithya Subramanian | 30/09/2025

MAS will ease reporting and documentation for family office tax schemes, while a new working group is targeting more efficient account opening through AI.

Fintech / Regtech

MAS Completes Quantum Security Trials to Safeguard Financial Networks

By Nithya Subramanian | 30/09/2025

A proof-of-concept sandbox on QKD highlighted both benefits and gaps, with findings revealing the need for interoperability, stronger assurance, and international standards.

Singapore Banks, ABS to Develop Guidelines to Shield Seniors from Financial Abuse

By Nithya Subramanian | 29/09/2025

Singapore banks are stepping up training for front-line staff to spot signs of elderly customers being financially abused by family members.