Monetary Authority of Singapore

Market Infrastructure

Singapore, US Run Cross-border Cybersecurity Exercise

By Editors | 02/05/2023

US Treasury and MAS tested information exchange protocols and incident response coordination for cyber incidents involving banks operating in both jurisdictions.

AML / KYC

Singapore: 1st Phase of Financial Services and Markets Act Commences

By Editors | 01/05/2023

The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.

Enforcement

Singapore Trader Sentenced to Jail, Fine for SFA Breach

By Editors | 27/04/2023

The trader would sell the securities to his relatives before buying them back at higher prices using his employer’s accounts.

MAS Proposes Stronger Safeguards for Prospecting, Marketing

By Editors | 25/04/2023

FIs that regularly conduct marketing and distribution activities would have to identify senior managers to exert oversight over these activities.

MAS Launches Polytechnic Talent for Finance Scheme

By Editors | 25/04/2023

FIs can tap the scheme to defray the cost of offering internships, apprenticeships and academic sponsorships to polytechnic graduates and students.

ESG / Sustainability

Singapore, China Deepen Collaboration on Green Finance

By Editors | 24/04/2023

MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.

Enforcement

Singapore Jails Stock Trader for False Trading Offences

By Editors | 23/04/2023

The trader used 14 trading accounts to create a false appearance of active trading in the market for shares in KTL Global.

ESG / Sustainability

MAS Launches Finance for Net Zero Action Plan

By Sanday Chongo Kabange | 21/04/2023

The action plan includes a code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures.

Crypto / Digital Assets

Crypto Exchange Luno to Close Singapore Operations in June

By Sanday Chongo Kabange | 21/04/2023

Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.