LATEST NEWS

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    AML / KYC

    Singapore’s Sheng Siong Tightens $TM Safeguards Over ML Concerns

    By Nithya Subramanian | 27/06/2025

    Four individuals have been arrested for allegedly exploiting the supermarket chain’s $TM system as part of a money laundering operation.

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    Uncategorised

    APRA Releases Retirement Product Performance Data

    By Editors | 27/06/2025

    The published data provides insights into superannuation product performance, including fees and returns.

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    Enforcement

    ICAC Charges Ex-HSBC Bankers with Bribery

    By Sanday Chongo Kabange | 27/06/2025

    The ICAC has charged former HSBC bank employees and intermediaries with bribery linked to opening accounts.

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    ESG / Sustainability

    ICMA Principles Release Guidance on Sustainable Bonds for Nature

    By Editors | 27/06/2025

    A new practitioner’s guide and other updates aim to enhance transparency and standardisation in the sustainable bond market.

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    MAS to Consider Stronger Safeguards for Inter-bank Transfers

    By Nithya Subramanian | 27/06/2025

    Currently, with no built-in verification of recipient names, the onus is on the sender to ensure the accuracy of inter-bank transfers.

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    Securities / Derivatives

    China Launches First Offshore Gold Vault in Hong Kong

    By Manesh Samtani | 27/06/2025

    The Shanghai Gold Exchange also listed its first gold contracts on its International Board that can be delivered in Hong Kong.

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    Capital / Liquidity

    MAS Outlines Supervisory Expectations for VCCs

    By Nithya Subramanian | 27/06/2025

    A thematic review revealed gaps in custody arrangements, director appointments, fund management substance, and anti-money laundering controls.

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    ESG / Sustainability

    SBF Suggests ISSB Climate Disclosure Deadline Extension

    By Nithya Subramanian | 27/06/2025

    It has recommended extending compliance deadline by one to two years and designate a central platform for digital reporting of climate-related disclosures.

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    Crypto / Digital Assets

    FATF Calls on Jurisdictions to Bolster Efforts on Crypto Supervision

    By Manesh Samtani | 27/06/2025

    FATF issued its latest progress report on the implementation of AML/CFT measures for virtual assets and a best practice paper for Travel Rule implementation.

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    Market Infrastructure

    HKMA, AIIB Agree to Support Emerging Asia Venture Capital

    By Sanday Chongo Kabange | 27/06/2025

    HKMA and AIIB will collaborate to invest in a portfolio of VC funds that prioritise green technology across emerging markets in Asia.

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