Singapore

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    Enforcement

    MAS Imposes Civil Penalty Action in False Trading Case

    By Nithya Subramanian | 14/01/2025

    Gui Boon Sui was fined S$350,000 and barred from being involved in the management of a company for two years

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    AML / KYC

    Singapore Reviewing Incident Involving Exposed NRIC Numbers

    By Editors | 09/01/2025

    500,000 queries were made over the five days when NRIC numbers were exposed. It is not known how many NRIC numbers were disclosed, or whether computer bots were used.

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    Singapore, Malaysia to Special Economic Zone in Malaysia’s Johor State

    By Editors | 09/01/2025

    Singapore and Malaysia aim to attract investments in 11 sectors, including the digital economy, the green economy, and financial services.

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    AML / KYC

    Singapore Passes Law to Give Police Stronger Anti-Scam Powers

    By Manesh Samtani | 08/01/2025

    The law allows the police to issue restriction orders to prevent bank account holders from making transfers to scammers.

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    Crypto / Digital Assets

    OCBC Launches First Sale of ‘Bespoke’ Tokenised Bonds

    By Editors | 07/01/2025

    OCBC said the bonds are structured based on the investor’s desired tenor and yield before being minted

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    AML / KYC

    Unlocking the Value of GenAI in Financial Crime Compliance

    By Bradley Maclean | 07/01/2025

    SymphonyAI’s Craig Robertson, DBS’ Lam Chee Kin and BOS’ Ng Kok Keong discuss the use of AI in financial crime compliance.

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    ESG / Sustainability

    Regulation Asia: Top 10 Contributed Articles for 2024

    By Editors | 05/01/2025

    This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

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    Enforcement

    Singapore: Hin Leong Founder OK Lim and Children Declared Bankrupt

    By Editors | 31/12/2024

    OK Lim was sentenced last month to serve 17.5 years in jail for orchestrating one of Singapore’s biggest-ever trade financing frauds.

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    AML / KYC

    Singapore Officials Apologise for Exposing NRIC Numbers

    By Manesh Samtani | 22/12/2024

    The mishap was attributed to a “miscommunication”. Banks, insurers reviewing NRIC practices. Security and privacy concerns persist.

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    Securities / Derivatives

    Abaxx to Launch Nickel Futures in Singapore on 10 Jan

    By Editors | 20/12/2024

    The futures contracts are designed to deliver better price discovery and risk management tools for market participants in nickel sulphate.

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