Monetary Authority of Singapore

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    Enforcement

    Three Charged in Singapore Over Links to Billion-dollar Nickel Fraud

    By Editors | 08/03/2024

    The former CEO and two directors of Envysion Wealth Management have been charged over poor risk management and failure to mitigate conflicts of interest.

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    Crypto / Digital Assets

    Bitstamp Wins In-principle Licence Approval in Singapore

    By Nithya Subramanian | 07/03/2024

    The European crypto exchange will focus on institutions, including payment processors, fintech companies and brokerages.

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    ESG / Sustainability

    SGX RegCo Consults On Integrating ISSB Standards Into Listing Rules

    By Nithya Subramanian | 07/03/2024

    SGX RegCo proposes to make it mandatory for listed companies to report on sustainability, compared to the current “comply or explain” approach.

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    Enforcement

    SFC, HKEX Jointly Take Action Against GEM-Listed Firm

    By Sanday Chongo Kabange | 06/03/2024

    Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.

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    ESG / Sustainability

    Singapore Offers Grants to Help Firms in Sustainability Reporting

    By Nithya Subramanian | 04/03/2024

    The grant will help companies cover a portion of their costs in producing their first sustainability report in Singapore.

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    AML / KYC

    “Money Lock” is Effective in Scam Protection: Singapore Minister

    By Nithya Subramanian | 01/03/2024

    Minister Alvin Tan said there have been no scam reports involving funds under Money Lock, and that other banks will roll out the feature by mid-2024.

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    Securities / Derivatives

    MAS Updates Guidelines for Fund Management Companies

    By Manesh Samtani | 29/02/2024

    The main amendment concerns compliance arrangements FMCs should have in place. MAS also reminded auditors of their FMC-related obligations.

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    Crypto / Digital Assets

    HashKey OTC Arm Gets On-Principle Approval in Singapore

    By Nithya Subramanian | 29/02/2024

    In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.

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    Enforcement

    MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

    By Nithya Subramanian | 26/02/2024

    The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

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    Fintech / Regtech

    FSDF Top-up Will Help Anchor Singapore Financial Services Capabilities

    By Mark Johnston | 25/02/2024

    MAS will use the S$2bn top-up to support talent development initiatives, innovation in financial services, and infrastructure projects.

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