Singapore

ESG / Sustainability

DBS Partners TÜV SÜD to Provide Sustainability Assurance to Companies

By Ranamita Chakraborty | 17/08/2023

The collaboration aims to promote sustainability best practices, amid Singapore’s proposed mandatory climate reporting and increasing demand for sustainability-related training.

AML / KYC

Ex-Sembcorp Marine Exec Charged in Singapore for Corruption Offences

By Editors | 17/08/2023

The former executive obtained or attempted to obtain bribes totalling more than SGD 202,000 over six years, the CPIB said.

AML / KYC

Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering

By Manesh Samtani | 16/08/2023

The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.

Capital / Liquidity

SGX to Offer Trading in Structured Certificates Linked to Alibaba

By Ranamita Chakraborty | 16/08/2023

Singapore Exchange is the first exchange in Asia to introduce trading in structured certificates, which are third-party issued financial instruments commonly traded in Europe.

Crypto / Digital Assets

Singapore Finalises Regulatory Framework for Stablecoins

By Ranamita Chakraborty | 15/08/2023

Stablecoin issuers will have to meet specific requirements on reserve assets, capital, liquid assets and disclosure to become licensed in Singapore.

Capital / Liquidity

SGX Updates Rules for Life Sciences Listings

By Ranamita Chakraborty | 10/08/2023

Singapore Exchange has clarified that companies seeking a mainboard listing through the life sciences framework do not need to be revenue-generating.

AML / KYC

OCBC Integrates Anti-Malware Feature in Mobile Banking App

By Manesh Samtani | 08/08/2023

OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.

Crypto / Digital Assets

MAS Grants Blockchain.com Major Payment Institution License

By Ranamita Chakraborty | 08/08/2023

Blockchain.com has become the twelfth cryptocurrency exchange in Singapore to be granted a crypto-dealing license, enabling it to provide services to accredited investors and institutions.

Fintech / Regtech

MAS Earmarks S$150m to Propel Innovation in Financial Sector

By Editors | 08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.