Singapore

Market Infrastructure

MAS Issues New Guidance on RFMC Transition

By Nithya Subramanian | 26/04/2024

New FAQs provide clarity on the application and assessment process and how existing RFMCs can ensure smooth functioning during the transition phase.

Enforcement

US Citizen Jailed in Singapore for Running Ponzi Scheme

By Nithya Subramanian | 26/04/2024

Michael Philip Atkins cheated more than 1,000 investors in a forex trading scheme involving more than S$18mn.

Capital / Liquidity

Asia-Pacific’s Long March Towards the Basel Endgame

By Blake Evans-Pritchard | 26/04/2024

Those who think we’ve heard the last about the framework’s implementation should think again.

Enforcement

Singapore Court Sentences Money Mule to 10 Years Jail

By Nithya Subramanian | 25/04/2024

Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.

ESG / Sustainability

AVPN Launches Social Investing Platform in Singapore

By Nithya Subramanian | 25/04/2024

ImpactCollab launched with MAS support, offering due diligence resources to facilitate impact investing and philanthropic giving.

Securities / Derivatives

Asia-first Transition Strategy Scouts Opportunities

By ESG Investor | 25/04/2024

Robeco’s Head of Fixed Income argues that the hunt for “perfect” forward-looking emissions data cannot stand in the way of progress.

Securities / Derivatives

SGX RegCo Proposes Rule Change to Empower Shareholders

By Nithya Subramanian | 23/04/2024

Part of a “value focus” approach, the rule change will require issuers to facilitate shareholder requisitioned general meetings.

Enforcement

MAS Issues 12yr Ban Against Former Manulife Agent

By Nithya Subramanian | 23/04/2024

The former agent was convicted last August for deceiving 25 victims to transfer more than S$1.2mn for fictitious investments.

AML / KYC

Singapore Officials Assure Foreign Banks of Stability – Report

By Nithya Subramanian | 22/04/2024

Senior government officials have held briefings with international banks to emphasise Singapore’s safety, reliability and trustworthiness.