Singapore

Fintech / Regtech

Singapore Launches Digital Enterprise Blueprint for SMEs

By Nithya Subramanian | 30/05/2024

The DEB will support SMEs in making full use of their existing digital capabilities and help them adopt AI-enabled solutions.

Fintech / Regtech

MAS Released New Project MindForge Whitepaper

By Editors | 28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

Enforcement

MAS Bans Three Insurance Agents for Falsifying Records

By Nithya Subramanian | 27/05/2024

Three former Prudential insurance agents falsified records and furnished false information to the regulator.

AML / KYC

Singapore Secures Seventh Conviction in Money Laundering Case

By Nithya Subramanian | 24/05/2024

Cambodian national Chen Qingyuan, who is wanted in China, has been sentenced to a 15-month jail term and will forfeit S$21mn.

Fintech / Regtech

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

Crypto / Digital Assets

Ghana Completes Cross-border eCedi Transaction With Singapore

By Nithya Subramanian | 21/05/2024

Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.

ESG / Sustainability

MAS, PBOC Advance Collaboration on Green Finance Initiatives

By Nithya Subramanian | 21/05/2024

The deliverables relate to alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.

Enforcement

MAS Issues Prohibition Order Against Former DBS Employee

By Nithya Subramanian | 21/05/2024

Muhammad Hafiz Bin Ismail applied to be a wealth planning manager with DBS but failed to state in his fit and proper declaration that he was under investigation.

Enforcement

Former Eagle Hospitality Trust CEO Charged for Disclosure Breaches

By Nithya Subramanian | 20/05/2024

The former CEO is accused of “reckless” failure to disclose information that was necessary to avoid the establishment of a false market.