Singapore

Fintech / Regtech

Singapore: Man Charged Over Unlicensed Cross-Border Transfers

By Nithya Subramanian | 08/12/2025

A 33-year-old former company director faces charges for allegedly using Wise and crypto platforms to scam proceeds without a valid payment services licence.

Canadian Exchange Considers Acquiring Cboe Australia as SGX Denies Making Bid

By Sanday Chongo Kabange | 05/12/2025

The CSE is considering buying Cboe's Australian assets, aiming to expand its footprint after already having acquired the National Stock Exchange.

ESG / Sustainability

MAS Flags Gaps in Recruitment, Monitoring of Financial Representatives

By Nithya Subramanian | 05/12/2025

MAS review found weak due diligence, poor oversight and training gaps at financial advisory firms, prompting calls for stronger governance and controls.

Securities / Derivatives

Indonesia Unveils New Rules for Money Market and FX Derivatives

By Nithya Subramanian | 05/12/2025

BI's new guidelines for money market and FX derivatives aim to strengthen governance, transparency and coordination with OJK and Bappebti.

AML / KYC

Singapore Blacklists Eight Firms in Money Laundering Probe

By Nithya Subramanian | 04/12/2025

The eight firms are linked to fugitives Su Binghai and Xu Haika, who evaded capture after the 'billion-dollar money laundering case' came to light in 2023.

Enforcement

Singapore Charges Company Founder for Cheating Digital Finance Firm

By Nithya Subramanian | 04/12/2025

The Singaporean businessman was deported from China and charged in court with cheating Funding Societies of SGD 8 million.

Fintech / Regtech

OCBC to Enable WeChat Pay QR Payments in China in 2026

By Nithya Subramanian | 02/12/2025

The move results from an expanded partnership with UnionPay International, formalised on 28 November 2025 in Shanghai.

Securities / Derivatives

MAS Updates CIS Code, Confirms New Financial Reporting Rules

By Nithya Subramanian | 01/12/2025

The MAS has confirmed that all existing authorised schemes, including REITs, must transition to SFRS(I) reporting to strengthen governance and disclosure standards.

Fintech / Regtech

MAS, ABS Reject Calls to Loosen Anti-scam Cooling-off Rule

By Nithya Subramanian | 01/12/2025

MAS and ABS say scam risks remain too high to exempt own-account transfers from the 24-hour cooling-off rule, despite customer complaints.