Monetary Authority of Singapore

Fintech / Regtech

Singapore’s 2024 Budget Introduces Reforms to Boost Investment

By Ranamita Chakraborty | 20/02/2024

Singapore’s budget includes a new investment incentive scheme and other measures that will benefit the financial sector.

Market Infrastructure

MAS Issues Additional Guidance for New Derivatives Reporting Regime

By Manesh Samtani | 16/02/2024

New FAQs are provided to support implementation of the new OTC derivatives reporting regime, which comes into force in October.

Crypto / Digital Assets

More Clarity in Rules Key to Tokenisation of VCCs

By Nithya Subramanian | 15/02/2024

Tokenising VCCs provides the opportunity to drive greater operational cost efficiencies across the fund lifecycle and explore new business models.

ESG / Sustainability

Gprnt: Simplifying ESG Data Management for Financial Services

By Ranamita Chakraborty | 09/02/2024

Industry experts anticipate the MAS-led digital ESG platform, Gprnt, will improve sustainability reporting across the real economy and financial sector.

Fintech / Regtech

DBS Cuts CEO Compensation Over Digital Banking Disruptions

By Ranamita Chakraborty | 08/02/2024

MAS set expectations last November for DBS to hold its senior management accountable for digital banking disruptions that occurred last year.

Enforcement

Singapore Court Jails Director for Wirecard-related Breach of Duty

By Ranamita Chakraborty | 08/02/2024

The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

AML / KYC

Singapore: ACIP Issues AML/CFT Guidance to Address CSP Risks

By Nithya Subramanian | 07/02/2024

New ACIP paper offers recommendations for banks that receive customer referrals from corporate service providers.

MAS Proposes Simplify Data Collection Rules for Insurance Sales

By Nithya Subramanian | 05/02/2024

The proposals will streamline financial planning and allow consumers to meet their protection needs more easily, MAS said.

AML / KYC

Samlit Moneychanger Sued After China Police Freezes Funds: Report

By Nithya Subramanian | 29/01/2024

While three Chinese nationals working in Singapore alleged breach of agreements and sought compensation. Samlit said it fulfilled all its obligations.