Singapore

Fintech / Regtech

Singapore Unveils New Initiatives to Enhance AI Governance, Safety

By Nithya Subramanian | 13/02/2025

Initiatives include establishing technical testing best practices for GenAI applications, collaborating with Japan on LLMs, and enhancing AI safety evaluations.

AML / KYC

ABS Launches Automated Bill of Lading Verification for Banks

By Nithya Subramanian | 13/02/2025

The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.

Fintech / Regtech

MAS, ABS to Form New Entity to Govern Singapore Payments System

By Nithya Subramanian | 13/02/2025

Administration and governance of Singapore’s various payment schemes will be consolidated under a new entity.

Sanctions

Singapore-Listed Firm Linked to Myanmar Junta’s Oil Supply

By Nithya Subramanian | 10/02/2025

Singapore-listed Interra Resources reportedly supplied oil worth more than $150mn to Myanmar’s military regime.

ESG / Sustainability

Taxonomies in Southeast Asia Lack Ambition – Fitch

By ESG Investor | 06/02/2025

Sustainable Fitch says limited uptake could be attributed to the high benchmarks required for activities to qualify as transitional

AML / KYC

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

Crypto / Digital Assets

Monochrome Group Registers Crypto ETFs in Singapore

By Nithya Subramanian | 06/02/2025

Monochrome’s Bitcoin and Ethereum ETFs have been registered with MAS as restricted schemes, making them accessible to accredited and institutional investors.

Capital / Liquidity

Singapore Banks Well Prepared for Fully Phased-In Basel III Regime

By Manesh Samtani | 03/02/2025

Analysis from Bloomberg Intelligence shows that Singapore’s major banks face contained capital pressure under the final Basel III rules

Market Infrastructure

SGX RegCo to Review Query Regime to Ensure Consistency in Approach

By Nithya Subramanian | 27/01/2025

Tan Boon Gin said SGX RegCo will conduct a review of its query regime to see if it has been applying the materiality principle consistently