Singapore

Market Infrastructure

Singapore Considers Measures to Better Position Equity Market

By Nithya Subramanian | 17/09/2024

MAS Deputy Chairman Chee Hong Tat, who chairs a review group established in August, outlines three main areas of focus to boost the equity market.

Securities / Derivatives

SRS Funds Processing Goes Live on Singapore’s New Funds Infrastructure

By Manesh Samtani | 17/09/2024

The Fundnode platform aims to reduce settlement times for the Singapore funds industry from T+7 to T+2.

AML / KYC

Singapore: Enhanced AML Checks Are Impacting Client Onboarding

By Nithya Subramanian | 17/09/2024

Enhanced checks and controls for banks have started to delay onboarding, but they are expected to lead to a safer business environment.

AML / KYC

Singapore Charges Vietnamese-American for Laundering $8.3m

By Nithya Subramanian | 17/09/2024

The Singapore Police Force said investigations have found that the funds were likely derived from overseas investment scams.

Capital / Liquidity

Singapore Probes Payment Delays at E-Commerce Platform

By Nithya Subramanian | 16/09/2024

After Qoo10 failed to pay merchants in South Korea, there are reports of payment delays also affecting small vendors in Singapore.

Fintech / Regtech

Singapore Launches e-Apostille Service for Document Authentication

By Nithya Subramanian | 13/09/2024

From 2025,  documents issued by ACRA can be authenticated online, reducing the processing time and the need for physical submissions.

Crypto / Digital Assets

Singapore Court Jails Crypto Firm Director for Ponzi Scheme

By Nithya Subramanian | 12/09/2024

Chen Wei, Director of A&A Blockchain Technology Innovation, has been sentenced to four years in prison for deceiving over 700 investors.

Enforcement

Singapore to Issue First Charges Under New Anti-Scam Laws

By Nithya Subramanian | 12/09/2024

Around 40 individuals will be charged with new offences under the CDSA and CMA for selling their bank accounts and Singpass credentials.

Enforcement

Singapore Police Nab 6 Men Linked to Global Cybercrime Syndicate

By Nithya Subramanian | 11/09/2024

The men, suspected of conducting global malicious cyber operations from Singapore, were arrested in an operation involving 160 police officers.