Monetary Authority of Singapore

Enforcement

MAS Imposes 9-Year Ban on Directors of Three Arrows Capital

By Manesh Samtani | 15/09/2023

MAS reprimanded the bankrupt crypto hedge fund for regulatory violations last June. The regulator has since uncovered additional violations.

Crypto / Digital Assets

“Consistency” and “Cooperation” To Form Next Steps in Crypto Regulation

By Jill Wong | 15/09/2023

Chengyi Ong, Chainalysis’ head of policy, APAC, talks to Regulation Asia about the perceived policy direction in crypto regulations.

ESG / Sustainability

Singapore Launches Largest Ever Equity ETF to Drive Climate Action

By Editors | 14/09/2023

The SGX-listed fund is managed by BlackRock and anchored by Prudential, with additional backing from investors that include Temasek and Singlife.

AML / KYC

Singapore Announces New Initiatives to Support Family Offices

By Editors | 14/09/2023

The initiatives will help new family offices orientate themselves in Singapore and strengthen their financial crime compliance capabilities.

Crypto / Digital Assets

JPMorgan Seeks Regulatory Approval to Launch ‘Digital Deposit Token’

By Editors | 13/09/2023

The deposit token would represent a digital claim against a commercial bank deposit, and could be used for instant payments and settlements across the financial system.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Crypto / Digital Assets

MAS Grants RMO Licence to Digital Asset Exchange AsiaNext

By Editors | 06/09/2023

AsiaNext, formed in 2021 as a joint venture between SBI Digital Asset Holdings and SIX Group, will cater exclusively to institutions.

Enforcement

MAS Imposes Lifetime Ban on Former Goldman Exec Roger Ng

By Editors | 05/09/2023

Roger Ng is banned from regulated activities in Singapore for life, due to his role in the theft of billions of dollars from 1MDB.

MAS to Get New Managing Director, Menon to Step Down

By Editors | 04/09/2023

Ravi Menon will step down from his role as managing director of MAS and retire from public service on 1 January 2024.