MONETARY AUTHORITY OF SINGAPORE

Crypto / Digital Assets

New Bill to Give MAS Greater Investigative Powers

By Nithya Subramanian | 11/01/2024

The proposed law broadens the regulator’s power over unregulated businesses and expands its oversight on key appointments and removals.

Crypto / Digital Assets

Singapore: AsiaNext Launches Trading in Crypto Derivatives

By Editors | 09/01/2024

AsiaNext said its trading members already include B2C2, Wintermute Group, JB Drax Honoré and Trovio Group.

Crypto / Digital Assets

MAS Awards Major Payment Institution Licence to Upbit Singapore

By Ranamita Chakraborty | 09/01/2024

The licence means Upbit now has regulated digital asset businesses in Singapore, Korea, Indonesia and Thailand.

Capital / Liquidity

MAS Finalises Recovery Planning Requirements for Insurers

By Nithya Subramanian | 02/01/2024

Recovery plans should include a “framework of recovery triggers”, an escalation process, a menu of recovery options, and a communication plan.

AML / KYC

Wirecard Investors File Lawsuit Against EY in Munich

By Nithya Subramanian | 27/12/2023

The group of investors alleged that EY did not ensure accuracy of accounts and claimed EURO 700 million as damages.

AML / KYC

Singapore Authorities Warn of Scammers Posing as MAS Officers

By Mark Johnston | 22/12/2023

The scammers accuse victims of being involved in criminal activities before asking them to transfer money to designated “security accounts”.

Fintech / Regtech

Singaporeans Open to GenAI, but Concerned About Data Security

By Nithya Subramanian | 21/12/2023

A robust and effective data governance strategy will be crucial for banks to ensure responsible use of AI, said Kanv Pandit of FIS.

Crypto / Digital Assets

HashKey Secure Fund Management Licence in Singapore

By Editors | 20/12/2023

With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.

AML / KYC

MAS Boosts Due Diligence Checks for SFO Tax Incentive Applicants

By Ranamita Chakraborty | 20/12/2023

To combat money laundering risks, MAS plans to deploy a panel of “specialised firms” to scrutinise individuals and entities associated with SFOs.