MONETARY AUTHORITY OF SINGAPORE

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    Enforcement

    Singapore Court Jails Director for Wirecard-related Breach of Duty

    By Ranamita Chakraborty | 08/02/2024

    The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

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    AML / KYC

    Singapore: ACIP Issues AML/CFT Guidance to Address CSP Risks

    By Nithya Subramanian | 07/02/2024

    New ACIP paper offers recommendations for banks that receive customer referrals from corporate service providers.

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    MAS Proposes Simplify Data Collection Rules for Insurance Sales

    By Nithya Subramanian | 05/02/2024

    The proposals will streamline financial planning and allow consumers to meet their protection needs more easily, MAS said.

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    AML / KYC

    Samlit Moneychanger Sued After China Police Freezes Funds: Report

    By Nithya Subramanian | 29/01/2024

    While three Chinese nationals working in Singapore alleged breach of agreements and sought compensation. Samlit said it fulfilled all its obligations.

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    ESG / Sustainability

    Singapore Launches New Association to Drive Sustainable Finance Collaboration

    By Ranamita Chakraborty | 25/01/2024

    The Singapore Sustainable Finance Association aims to support the low-carbon transition and sustainable economic growth in the APAC region.

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    Crypto / Digital Assets

    Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

    By Nithya Subramanian | 22/01/2024

    Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

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    Crypto / Digital Assets

    Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS

    By Editors | 19/01/2024

    Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

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    Fintech / Regtech

    AI Tightrope: Striking the Balance Between Rapid Deployment and Safety

    By Ranamita Chakraborty | 16/01/2024

    Experts weigh in on safety considerations for AI deployment amid a lack of specific regulation, especially for the financial sector.

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    AML / KYC

    Singapore Police Using RPA Tech to Disrupt Scams

    By Editors | 12/01/2024

    RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

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    Crypto / Digital Assets

    MAS Grants In-principle Licence Approval to Crypto Custody Firm BitGo

    By Editors | 12/01/2024

    BitGo already obtained a New York trust charter in 2021 and a BaFin crypto custody licence in November 2023.

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