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Cryptocurrency
Singapore: “Several” DPT Licences in Final Stages of Review
By Editors | 27/07/2021
Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.
Cloud & Infrastructure
MAS, SFA Launch 2021 SFF Global FinTech Awards
By Ranamita Chakraborty | 22/07/2021
The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.
Market Abuse
Singapore: Three Individuals Charged for Insider Trading
By Editors | 22/07/2021
The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.
Climate Risk
Singapore Reviewing Carbon Price Trajectory, says MAS Chief
By Ranamita Chakraborty | 21/07/2021
The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.
Tokenisation
SFC Issues Warning on Unregulated Virtual Asset Platforms
By Editors | 18/07/2021
Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.
Conduct, Culture & Accountability
MAS to Refine Financial Advisory Remuneration Rules
By Manesh Samtani | 15/07/2021
MAS proposes to refine the tier structure requirements and clarify the types of remuneration that can be paid as overriding benefits.
Fraud, Scams & Cybercrime
MAS, ABS Working to Improve Safeguards Against Scams – Reports
By Ranamita Chakraborty | 14/07/2021
A task force has been set up to help Singapore’s financial industry improve safeguards against scams and fraudulent transactions.
Anti-Money Laundering
MAS Proposes Additional AML/CFT Requirements for FIs
By Manesh Samtani | 13/07/2021
MAS proposes requirements for dealings in precious stones and metals, transactions involving digital payment tokens, and customers that may be considered higher risk shell companies.
Climate Risk
International Organisations to Launch Climate Training Alliance
By Editors | 12/07/2021
The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.
AI Risk & Governance
MAS Launches ‘Veritas Challenge’ to Strengthen Trust in AI
By Manesh Samtani | 12/07/2021
MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.
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