Monetary Authority of Singapore

    Fintech / Regtech

    Singapore Crypto Firms Offered Clarity on Advertising Ban

    By Darien Choong | 12/04/2022

    Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

    Enforcement

    Singapore Court Upholds Convictions of Russian, Singapore Nationals

    By Editors | 08/04/2022

    The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.

    AML / KYC

    Singapore Tightens Laws on Technology Risk, Crypto Assets

    By Sanday Chongo Kabange | 06/04/2022

    FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.

    AML / KYC

    Singapore Banks to Station More Staff at Anti-Scam Centre

    By Editors | 05/04/2022

    While banks have been supporting the police’s Anti-Scam Centre for the past three years, only DBS currently has staff physically located inside the centre.

    ESG / Sustainability

    Singapore Updates Stewardship Principles for Responsible Investors

    By Editors | 03/04/2022

    The updated Principles emphasise the need to integrate ESG considerations into investment decision-making and stewardship practices.

    Fintech / Regtech

    ISDA Publishes New Paper on Digital Regulatory Reporting

    By Editors | 01/04/2022

    DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.

    Fintech / Regtech

    BIS, MAS Launch Prototype Supervisory Analytics Platform

    By Manesh Samtani | 31/03/2022

    Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.

    Capital / Liquidity

    MAS Proposes Revisions to Bank Capital Disclosure Requirements

    By Editors | 31/03/2022

    The changes reflect the final Basel III reforms and will improve the consistency and comparability of disclosures across Singapore incorporated banks.

    Fintech / Regtech

    IOSCO Forms New Task Force Targeting DeFi Regulation

    By Manesh Samtani | 26/03/2022

    The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.

    Fintech / Regtech

    Singapore Working Group to Develop BNPL Framework

    By Editors | 24/03/2022

    The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.

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