Singapore

    AML / KYC

    MAS Penalises Major Banks in S$3 Billion Money Laundering Probe

    By Manesh Samtani | 05/07/2025

    MAS has penalised nine financial institutions, including Credit Suisse and UOB, for significant AML control failures linked to a major criminal case.

    ESG / Sustainability

    Singapore, UK, Kenya Launch Alliance to Bolster Voluntary Carbon Markets

    By Editors | 04/07/2025

    The government-led alliance aims to restore corporate confidence and unlock climate finance by setting clear, high-integrity standards for voluntary carbon markets.

    Crypto / Digital Assets

    ISDA, Ant International Launch New Report Under MAS’ Project Guardian

    By Nithya Subramanian | 04/07/2025

    The report outlines design principles, risk mitigation strategies, and real-world use cases for using tokenised bank liabilities and shared ledgers for cross-border payments and FX settlement.

    Sanctions

    US Sanctions Singapore Firm in Crackdown on Iranian Oil 'Shadow Fleet'

    By Editors | 04/07/2025

    The US has sanctioned a Singapore-based firm as part of a major crackdown on networks facilitating billions in Iranian oil sales.

    Trending

    Singapore Imposes Measures to Cool Private Property Market

    By Nithya Subramanian | 04/07/2025

    The government has raised SSD rates by four percentage points across all tiers and extended the holding period from three to four years

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    Capital / Liquidity

    Singapore to Align Fund Liquidity Rules with Global Standards

    By Manesh Samtani | 03/07/2025

    MAS will revise its fund liquidity rules to align with FSB and IOSCO standards, including mandating greater use of anti-dilution tools.

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    Enforcement

    Singapore’s Anti-Scam Law Empowering Police Takes Effect

    By Nithya Subramanian | 03/07/2025

    The new law allows police to issue ROs limiting access to banking and credit facilities for individuals believed to be at imminent risk of transferring money to scammers.

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    Feature

    MAS Proposes Clearer Risk Warnings for Complex Products

    By Nithya Subramanian | 02/07/2025

    New rules aim to simplify disclosures, strengthen investor assessments, and ensure better safeguards for investors.

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    AML / KYC

    1MDB Liquidators Sue StanChart for $2.7b Over Alleged AML Failures

    By Nithya Subramanian | 02/07/2025

    Three firms allege that the bank enabled over 100 intra-bank transfers that helped conceal the movement of stolen public funds.

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    Capital / Liquidity

    MAS Proposes New Levies to Recoup Costs of Future Bank Failures

    By Nithya Subramanian | 02/07/2025

    MAS proposes post-crisis levies on banks to recover resolution costs, with larger contributions from those holding more uninsured deposits.

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