Monetary Authority of Singapore

AML / KYC

Singapore Authorities Warn of Scammers Posing as MAS Officers

By Mark Johnston | 22/12/2023

The scammers accuse victims of being involved in criminal activities before asking them to transfer money to designated “security accounts”.

Fintech / Regtech

Singaporeans Open to GenAI, but Concerned About Data Security

By Nithya Subramanian | 21/12/2023

A robust and effective data governance strategy will be crucial for banks to ensure responsible use of AI, said Kanv Pandit of FIS.

Crypto / Digital Assets

HashKey Secure Fund Management Licence in Singapore

By Editors | 20/12/2023

With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.

AML / KYC

MAS Boosts Due Diligence Checks for SFO Tax Incentive Applicants

By Ranamita Chakraborty | 20/12/2023

To combat money laundering risks, MAS plans to deploy a panel of “specialised firms” to scrutinise individuals and entities associated with SFOs.

AML / KYC

MAS Suspends Non-Bank, Non-Card Channels for China Remittances

By Editors | 19/12/2023

The move is a response to reports that remittances to China made by individuals in Singapore have been subsequently frozen by mainland law enforcement agencies.

Securities / Derivatives

MAS’ Tighter Hiring Norms to Result in Better Compliance

By Nithya Subramanian | 18/12/2023

The updated guidelines for senior appointments in CMS licensed firms will improve corporate governance and ensure better board accountability.

ESG / Sustainability

ICMA Introduces Voluntary Code of Conduct for ESG Ratings

By Ranamita Chakraborty | 15/12/2023

Aligned with IOSCO recommendations, the code seeks to improve transparency and trust in sustainable finance by promoting consistent global standards.

ESG / Sustainability

NGFS Issues Guidance on Development of Nature-related Scenarios

By Nithya Subramanian | 14/12/2023

The guidance will help develop scenarios for assessing the impact of nature-related physical risks and transition policies.

MAS Unveils Key Decisions on Mandatory Reference Check Regime

By Manesh Samtani | 13/12/2023

The new requirements will come into effect one year after publication of the relevant Notices, which will first be subject to consultation.