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AML / KYC
MAS Asks Banks to Improve Commodity Financing Risk Controls
By Nithya Subramanian | 07/03/2025
MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.

Crypto / Digital Assets
MAS Grants MPI Licences to Units of Hex Trust, Matrixport
By Nithya Subramanian | 07/03/2025
Both Hex Trust and Matrixport received approval for their Singapore operations after receiving in-principle approvals last year.

Fund Managers Facings Singapore Approval Delays: Report
By Nithya Subramanian | 25/02/2025
A surge in applications has extended wait times for fund manager approvals in Singapore to nearly eight months, surpassing the regulator’s six-month target.

Market Infrastructure
Singapore Unveils Measures to Strengthen Equities Market
By Nithya Subramanian | 24/02/2025
The measures include establishing a S$5 billion market development fund, modifying the Global Investor Programme, and transitioning to a disclosure-based regulatory framework.

Fintech / Regtech
Budget 2025: Singapore Unveils Measures to Boost Stock Market
By Nithya Subramanian | 19/02/2025
Singapore will also set up a S$1bn private credit growth fund and allocate S$150mn to help companies improve their AI capabilities.

Fintech / Regtech
Singapore Issues Warning on Unauthorised Mobile Wallets Transactions
By Nithya Subramanian | 19/02/2025
Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.

Crypto / Digital Assets
MAS Grants In-principle Digital Assets Licence to Straits Millennium
By Nithya Subramanian | 18/02/2025
Some 30 firms in Singapore have been granted an Major Payment Institution license by MAS for DPT services.

Fintech / Regtech
BIS Releases Details of Planned Cross-border Payments PoC
By Manesh Samtani | 17/02/2025
Project Rialto will link instant payment systems to a transnational network with an automated FX conversion layer for settlement in central bank money.

Securities / Derivatives
MAS Expert Group Proposes Measures to Boost Equities Market
By Nithya Subramanian | 14/02/2025
The Equities Market Review Group has proposed the introduction of tax incentives to attract more Singapore listings and incentivise funds to invest in domestic equities.

Fintech / Regtech
MAS, ABS to Form New Entity to Govern Singapore Payments System
By Nithya Subramanian | 13/02/2025
Administration and governance of Singapore’s various payment schemes will be consolidated under a new entity.
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