Monetary Authority of Singapore

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    AML / KYC

    1MDB Liquidators Sue StanChart for $2.7b Over Alleged AML Failures

    By Nithya Subramanian | 02/07/2025

    Three firms allege that the bank enabled over 100 intra-bank transfers that helped conceal the movement of stolen public funds.

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    Capital / Liquidity

    MAS Proposes New Levies to Recoup Costs of Future Bank Failures

    By Nithya Subramanian | 02/07/2025

    MAS proposes post-crisis levies on banks to recover resolution costs, with larger contributions from those holding more uninsured deposits.

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    AML / KYC

    Singapore Implements Tougher AML/CFT Rules for Financial Sector

    By Manesh Samtani | 01/07/2025

    Stricter rules targeting proliferation financing and tightening suspicious transaction reporting deadlines for FIs are now in effect.

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    AML / KYC

    MAS Fines Five Payment Firms for AML/CFT Lapses

    By Nithya Subramanian | 01/07/2025

    MAS investigations found lapses in customer due diligence, identifying beneficial owners and cross-border transaction monitoring.

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    Securities / Derivatives

    Singapore Retail Investors Face Hurdles Exercising Rights: Survey

    By Nithya Subramanian | 30/06/2025

    The SIAS survey revealed that retail investors continue to face challenges in exercising their rights and calls for stronger protections.

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    MAS to Consider Stronger Safeguards for Inter-bank Transfers

    By Nithya Subramanian | 27/06/2025

    Currently, with no built-in verification of recipient names, the onus is on the sender to ensure the accuracy of inter-bank transfers.

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    Capital / Liquidity

    MAS Issues New Guidance to Strengthen VCC Governance

    By Nithya Subramanian | 27/06/2025

    A thematic review revealed gaps in custody arrangements, director appointments, fund management substance, and AML controls.

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    Fintech / Regtech

    MAS, ABS Launch Entity to Govern Singapore’s Payment Schemes

    By Nithya Subramanian | 26/06/2025

    The new not-for-profit entity, formed by MAS and several D-SIBs, will transition to full operational readiness by end-2026.

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    Big Picture

    UK Regulators Told to Learn from Singapore’s Pro-Business Model

    By Thisanka Siripala | 16/06/2025

    A House of Lords committee said Singapore’s faster approvals and pro-business culture should guide UK reforms to enhance competitiveness and growth.

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    Securities / Derivatives

    The Path to Readiness for HKMA’s Derivatives Reporting Rewrite

    By Priya Kundamal | 16/06/2025

    HKMA’s new derivatives reporting rules require firms to prioritise testing and stakeholder engagement, writes DTCC’s Priya Kundamal.

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