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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
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.
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.
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.
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.
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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