Monetary Authority of Singapore

Fintech / Regtech

DBS, JP Morgan, Temasek Team Up on Cross-border Payments

By Manesh Samtani | 28/04/2021

An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.

Securities / Derivatives

MAS Forms Industry Group to Develop Asset Management Sector

By Editors | 28/04/2021

The Singapore Funds Industry Group will bring together key players to formulate strategies to develop the asset management ecosystem.

ESG / Sustainability

IMAS Launches ESG E-Learning Module for Asset Managers

By Editors | 27/04/2021

The module covers the EnRM Guidelines issued by MAS in December, supplemented with case studies to facilitate application by the industry.

Fintech / Regtech

MAS Calls on Governments to Advance Digital Infrastructure

By Sanday Chongo Kabange | 27/04/2021

MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

Enforcement

SG Police Lay More Charges in Nickel Trading Fraud Case

By Editors | 26/04/2021

Ng Yu Zhi allegedly cheated five individuals into paying around S$8.8mn for nonexistent forward contracts purported to be for the sale of nickel to a metals trader.

Securities / Derivatives

Deutsche to Move Pricing Engine for EM Currencies to Singapore

By Ranamita Chakraborty | 20/04/2021

The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.

AML / KYC

SG Police Probe 31 Individuals for China Official Impersonation Scams

By Ranamita Chakraborty | 19/04/2021

Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.

AML / KYC

MAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures

By Manesh Samtani | 14/04/2021

The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.

ESG / Sustainability

IOSCO Forms Working Group to Aid IFRS Sustainability Project

By Editors | 31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.