Singapore

ESG / Sustainability

Gprnt: Simplifying ESG Data Management for Financial Services

By Ranamita Chakraborty | 09/02/2024

Industry experts anticipate the MAS-led digital ESG platform, Gprnt, will improve sustainability reporting across the real economy and financial sector.

Fintech / Regtech

DBS Cuts CEO Compensation Over Digital Banking Disruptions

By Ranamita Chakraborty | 08/02/2024

MAS set expectations last November for DBS to hold its senior management accountable for digital banking disruptions that occurred last year.

Enforcement

Singapore Court Jails Director for Wirecard-related Breach of Duty

By Ranamita Chakraborty | 08/02/2024

The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

AML / KYC

Singapore: ACIP Issues AML/CFT Guidance to Address CSP Risks

By Nithya Subramanian | 07/02/2024

New ACIP paper offers recommendations for banks that receive customer referrals from corporate service providers.

Fintech / Regtech

Singapore Strengthens Measures to Tackle AI Deepfakes

By Nithya Subramanian | 06/02/2024

Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.

MAS Proposes Simplify Data Collection Rules for Insurance Sales

By Nithya Subramanian | 05/02/2024

The proposals will streamline financial planning and allow consumers to meet their protection needs more easily, MAS said.

Enforcement

Online Criminal Harms Act Takes Effect in Singapore

By Nithya Subramanian | 05/02/2024

The law has been enabled to take quick actions, giving the government power to issue orders restricting the exposure of users to criminal activities on online platforms.

Crypto / Digital Assets

Singapore Authorities Warn Against ‘Crypto Drainer’ Malware Threat

By Ranamita Chakraborty | 02/02/2024

The SPF and CSA recommend using hardware crypto wallets and verifying the legitimacy of smart contracts before interacting with them.

Securities / Derivatives

SGX Marks New Milestone with First Active ETF Listing

By Ranamita Chakraborty | 01/02/2024

The launch of the new AI-powered active ETF, managed by Lion Global Investors and Nomura Asset Management, was announced last month.