Singapore

Crypto / Digital Assets

MAS Grants Major Payment Institution License to OKX

By Nithya Subramanian | 03/09/2024

OKX also appointed a former MAS official as its Singapore CEO, saying the city-state is a core market for its global strategy.

Market Infrastructure

Deadline Fast Approaching for New Trade Reporting Rules in Australia and Singapore

By Manesh Samtani | 03/09/2024

DTCC, MAS and ASIC are calling on market participants to accelerate testing efforts to ensure readiness for new reporting rules that go live on 21 October.

Enforcement

Singapore Designates Wildlife Trade as Serious Criminal Offences

By Nithya Subramanian | 30/08/2024

Wildlife trading will now be punishable in Singapore under the Organised Crime Act with up to 20 years imprisonment.

Capital / Liquidity

MAS Seeking Data from Insurers on Reinsurance Arrangements

By Nithya Subramanian | 30/08/2024

Insurance companies have reportedly been asked to submit the terms and conditions of their reinsurance contracts to MAS.

ESG / Sustainability

Singapore to Issue Standards for AI-Based Valuation Models

By Nithya Subramanian | 29/08/2024

IVAS also working on new guidelines and a new online professional development course focusing on valuing intangible assets.

Market Infrastructure

MAS Identifies Priority Areas for Equities Market Review Group

By Ranamita Chakraborty | 29/08/2024

The review group has identified the areas of focus for its two workstreams and pledged to announce recommendations in phases.

AML / KYC

Singapore Charges South Korean in S$1.5b TBML Scheme

By Ranamita Chakraborty | 28/08/2024

The accused hid smuggled cash in tool shipments from Korea and Japan, and then exported gold bars disguised as mechanical tools.

Crypto / Digital Assets

DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

By Ranamita Chakraborty | 25/08/2024

The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.

ESG / Sustainability

Singapore, Philippines to Collaborate on Carbon Credits Partnership

By Ranamita Chakraborty | 23/08/2024

Singapore and the Philippines will form a working group to progress their cooperation to develop high-integrity carbon markets.