Singapore

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    MAS to Consider Stronger Safeguards for Inter-bank Transfers

    By Nithya Subramanian | 27/06/2025

    Currently, with no built-in verification of recipient names, the onus is on the sender to ensure the accuracy of inter-bank transfers.

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    Capital / Liquidity

    MAS Issues New Guidance to Strengthen VCC Governance

    By Nithya Subramanian | 27/06/2025

    A thematic review revealed gaps in custody arrangements, director appointments, fund management substance, and AML controls.

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    ESG / Sustainability

    Singapore Business Federation Calls for Climate Disclosure Deadline Extension

    By Nithya Subramanian | 27/06/2025

    The SBF recommends extending the compliance deadline by 1-2 years to allow small- and mid-cap companies to build up their capabilities.

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    AML / KYC

    Singapore Agencies Issue Advisory to Stop Use of NRIC for Authentication

    By Manesh Samtani | 27/06/2025

    New joint advisory from the PDPC and CSA calls on private organisations to immediately cease the use of NRIC numbers for authentication.

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    Fintech / Regtech

    MAS, ABS Launch Entity to Govern Singapore’s Payment Schemes

    By Nithya Subramanian | 26/06/2025

    The new not-for-profit entity, formed by MAS and several D-SIBs, will transition to full operational readiness by end-2026.

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    ESG / Sustainability

    Singapore Releases Draft Guidance on Use of Voluntary Carbon Credits

    By Nithya Subramanian | 25/06/2025

    The guidance is designed to support credible corporate decarbonisation plans and enhance market confidence in VCMs.

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    Securities / Derivatives

    SGX Eyes Expansion of Emerging Market Currency Offerings

    By Nithya Subramanian | 25/06/2025

    SGX is strengthening its global presence with the launch of BRL futures, growth in its T+1 trading session, and plans to invest further in digitisation.

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    Sanctions

    New US Sanctions Target Iran Defence Procurement, Houthi Oil Smuggling

    By Manesh Samtani | 22/06/2025

    The sanctions target entities in Iran, China, Singapore, Hong Kong and Turkiye for supporting the procurement of sensitive machinery for Iran’s defence industry.

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    AML / KYC

    Singapore, Malaysia and Hong Kong Arrest 11 Suspects in Joint Scam Crackdown

    By Thisanka Siripala | 19/06/2025

    The authorities in Singapore, Malaysia and Hong Kong have arrested eleven individuals suspected of operating a transnational scam syndicate that […]

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    AML / KYC

    Singapore Bolsters Financial Crime Defences Ahead of FATF Review

    By Manesh Samtani | 18/06/2025

    Singapore is ramping up AML efforts amid rising fraud and scams, aiming for improved effectiveness ratings in the FATF assessment.

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