Singapore

Enforcement

Three Charged in Singapore Over Links to Billion-dollar Nickel Fraud

By Editors | 08/03/2024

The former CEO and two directors of Envysion Wealth Management have been charged over poor risk management and failure to mitigate conflicts of interest.

Crypto / Digital Assets

Bitstamp Wins In-principle Licence Approval in Singapore

By Nithya Subramanian | 07/03/2024

The European crypto exchange will focus on institutions, including payment processors, fintech companies and brokerages.

ESG / Sustainability

SGX RegCo Consults On Integrating ISSB Standards Into Listing Rules

By Nithya Subramanian | 07/03/2024

SGX RegCo proposes to make it mandatory for listed companies to report on sustainability, compared to the current “comply or explain” approach.

AML / KYC

Singapore ACRA to Streamline Corporate Regulatory Processes

By Nithya Subramanian | 06/03/2024

A tiered framework will be established to enable ACRA to disclose data to meet statutory obligations relating to anti-money laundering.

AML / KYC

Singapore Shell Companies Linked to Illicit Activity in India

By Nithya Subramanian | 06/03/2024

India’s Enforcement Directorate has uncovered a web of money laundering activities involving the use of shell companies from Singapore.

AML / KYC

Singapore Police Warns Against Fund Recovery Services Scams

By Nithya Subramanian | 04/03/2024

Since January 2024, at least 29 cases have been reported with losses amounting to at least S$1.2mn, the SPF said.

ESG / Sustainability

Singapore Offers Grants to Help Firms in Sustainability Reporting

By Nithya Subramanian | 04/03/2024

The grant will help companies cover a portion of their costs in producing their first sustainability report in Singapore.

Fintech / Regtech

Singapore Readies New Act to Boost Digital Resilience

By Nithya Subramanian | 01/03/2024

The new Digital Infrastructure Act will improve accountability of cloud services and data centre operators, which are crucial to the financial sector.

Enforcement

SG Firm Allegedly Swindled JPY 135 Billion in Japan’s Largest Scam

By Nithya Subramanian | 01/03/2024

Sky Premium International has been accused of involvement in foreign exchange margin trading, labeled as an illegitimate “pyramid scheme”, wooing investors through a network of 570 salespeople.