Monetary Authority of Singapore

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    AML / KYC

    MAS Asks Banks to Improve Commodity Financing Risk Controls

    By Nithya Subramanian | 07/03/2025

    MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.

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    Crypto / Digital Assets

    MAS Grants MPI Licences to Units of Hex Trust, Matrixport

    By Nithya Subramanian | 07/03/2025

    Both Hex Trust and Matrixport received approval for their Singapore operations after receiving in-principle approvals last year.

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    Enforcement

    MAS Imposes Fines on Five Individuals for False Trading

    By Nithya Subramanian | 27/02/2025

    Joint investigations by MAS and the police found that the group was artificially inflating the share price of Epicentre Holdings in 2019.

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    Market Infrastructure

    Singapore Banks Have Completed the Transition to SORA

    By Nithya Subramanian | 26/02/2025

    The transition, which concluded in December 2024, enhances trust and confidence in SGD interest rates and strengthens market resilience.

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    Fund Managers Facings Singapore Approval Delays: Report

    By Nithya Subramanian | 25/02/2025

    A surge in applications has extended wait times for fund manager approvals in Singapore to nearly eight months, surpassing the regulator’s six-month target.

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    Market Infrastructure

    Singapore Unveils Measures to Strengthen Equities Market

    By Nithya Subramanian | 24/02/2025

    The measures include establishing a S$5 billion market development fund, modifying the Global Investor Programme, and transitioning to a disclosure-based regulatory framework.

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    Crypto / Digital Assets

    StraitsX Partners with StanChart on Stablecoin Reserve Management

    By Nithya Subramanian | 24/02/2025

    StraitsX said its stablecoins are “fully-backed” and issued in compliance with the MAS’ upcoming stablecoin regulatory framework.

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    ESG / Sustainability

    GenZero, Mizuho Agree to Collaborate on Transition Credits Projects

    By Nithya Subramanian | 24/02/2025

    The partnership aims to boost investments in transition credit projects and build awareness of the importance of this asset class.

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    Fintech / Regtech

    Budget 2025: Singapore Unveils Measures to Boost Stock Market

    By Nithya Subramanian | 19/02/2025

    Singapore will also set up a S$1bn private credit growth fund and allocate S$150mn to help companies improve their AI capabilities.

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    Fintech / Regtech

    Singapore Issues Warning on Unauthorised Mobile Wallets Transactions

    By Nithya Subramanian | 19/02/2025

    Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.

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