Monetary Authority of Singapore

AML / KYC

MAS Issues Guidance on Russia Sanctions Compliance

By Manesh Samtani | 17/03/2022

Crypto exchange operators have all been instructed to provide details of their Russia-linked clients to the regulator.

Fintech / Regtech

DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG

By Editors | 17/03/2022

Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.

Fintech / Regtech

MAS Guidance on Stablecoins Set to Impact Crypto Firms

By Manesh Samtani | 15/03/2022

Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.

Fintech / Regtech

Paxos, Sygnum to Offer Digital Asset Services in Singapore

By Editors | 11/03/2022

Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.

Fintech / Regtech

Greening Asia Through Data and Regulation

By Steven Yankelson | 09/03/2022

Effective and efficient ESG risk management and reporting practices can be enabled through better data and technology, says Steven Yankelson.

Securities / Derivatives

Best Execution Requirements Come into Force in Singapore

By Manesh Samtani | 08/03/2022

MAS finalised the best execution requirements in September 2020, giving firms an 18-month transitional period for compliance.

AML / KYC

Singapore Sanctions Four Russian Banks, Imposes Other Restrictions

By Manesh Samtani | 06/03/2022

FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.

Securities / Derivatives

SFC’s New Rules on Bookbuilding & Placing Activities: What to Know

By Alan Linning | 02/03/2022

Alan Linning and Susanne Harris explain the new requirements and offer guidance on next steps for intermediaries to prepare for compliance by August.

AML / KYC

MAS Issues New AML/CFT Notices for Financial Institutions

By Manesh Samtani | 02/03/2022

The Notices cover activities involving precious stones and metals, services and transactions involving digital payment tokens, and risk assessments on shell companies.