Singapore

Singapore, Brunei to Deepen Cooperation on Banking, Insurance Supervision

By Editors | 04/02/2023

New MoU will deepen cooperation by facilitating information exchange and cross border on-site inspections between the two jurisdictions.

AML / KYC

Singapore to Further Develop Financial Forensics Capabilities

By Editors | 03/02/2023

The Singapore Police Force and the Institute of Singapore Chartered Accountants will cooperate to advance the development of financial forensics in Singapore.

Enforcement

Singapore Court Fines Whistleblower for Making False Claims

By Editors | 31/01/2023

The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.

Crypto / Digital Assets

2022: A Roaring Year for Digital Assets in Singapore

By Angela Ang | 18/01/2023

Angela Ang looks back at digital asset developments in 2022 in Singapore, and ahead to what to expect in 2023.

Enforcement

Singapore: Ex-Agritrade CFO Sentenced to 20 Years Jail

By Editors | 17/01/2023

The former CFO instructed subordinates to submit false financial statements to banks in Japan, South Korea, India and Taiwan to obtain trade financing.

ESG / Sustainability

WWF-Singapore Publishes Sustainable Banking Assessment 2022

By Editors | 16/01/2023

The report calls on financial sector regulators to implement and align E&S risk management requirements for banks to ensure financial stability.

ESG / Sustainability

Bank of Singapore Adopts Stewardship Principles for Responsible Investors

By Editors | 12/01/2023

Bank of Singapore has become the first private bank to adopt the Singapore Stewardship Principles for Responsible Investors.

Fintech / Regtech

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

ESG / Sustainability

SGX RegCo Finalises Rules on Independent Director Tenure

By Editors | 11/01/2023

Listing rule changes introduce a nine-year tenure limit for independent directors and requirements for enhanced remuneration disclosures in annual reports.