Monetary Authority of Singapore

MAS Enhances Safeguards for Vulnerable Advice Customers

By Manesh Samtani | 28/08/2023

Financial advisory firms have to identify vulnerable customers, conduct pretransaction checks, and ask a “trusted individual” to be present during the sales and advisory process.

Market Infrastructure

Vietnam Joins ASEAN Payment Connectivity Initiative

By Sanday Chongo Kabange | 28/08/2023

The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.

Capital / Liquidity

Bank AT1 Capital: Going Where?

By Jamie Lloyd Evans | 27/08/2023

Regulation Asia contributor, Jamie Lloyd Evans, explores the possibility of a policy change on AT1 capital in light of recent banking system distress.

Crypto / Digital Assets

Trend of Rising Crypto Scams Seen In A&A Blockchain Case

By Ranamita Chakraborty | 23/08/2023

Industry experts spoke to Regulation Asia about crypto scams in the context of charges brought against four A&A Blockchain executives who scammed 12 individuals into investing in a crypto mining scheme.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

By Sanday Chongo Kabange | 21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

Securities / Derivatives

Abaxx Seeks to Launch World’s First Nickel Sulphate Futures in Singapore

By Mark Johnston | 21/08/2023

Nickel sulphate is a key ingredient of EV batteries. The launch of the new futures contract is subject to review by MAS.

AML / KYC

Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering

By Manesh Samtani | 16/08/2023

The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.

Crypto / Digital Assets

Singapore Finalises Regulatory Framework for Stablecoins

By Ranamita Chakraborty | 15/08/2023

Stablecoin issuers will have to meet specific requirements on reserve assets, capital, liquid assets and disclosure to become licensed in Singapore.

AML / KYC

OCBC Integrates Anti-Malware Feature in Mobile Banking App

By Manesh Samtani | 08/08/2023

OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.