Singapore’s latest CRS e-Tax guide update: What SGFIs need to know
The Inland Revenue Authority of Singapore (IRAS) has released the third edition of the Common Reporting Standard (CRS) e-Tax Guide on January 12, 2024. The guide is instrumental for Singaporean Financial Institutions (SGFIs), outlining the nation's adoption of CRS, and providing crucial guidance on compliance obligations under the CRS framework.
How technology elevates investor experience and compliance
The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic...
The impact of global events on FinTech compliance and risk management
In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.
Understanding SEC’s latest FAQ on performance obligations for private funds
On the 6th of February, 2024, the Securities and Exchange Commission’s (SEC) Division of Investment Management unveiled a new Frequently Asked Question (FAQ) aimed...
AML challenges and digital transformation: What 2024 holds for financial services
As we step into the second month of 2024, financial institutions (FIs) and regulated entities face a future that is anything but certain. Following a year marked by considerable upheaval, the question on everyone's mind is how to best prepare for what lies ahead.
The European Commission answers questions about the 2040 climate target
The European Union is embarking on an ambitious journey to become the first climate-neutral continent by 2050, with a significant milestone set for 2040.
The...
Europe sets the stage for green manufacturing revolution with net-zero industry act agreement
The Council and the European Parliament have made a significant step forward by reaching a provisional agreement on the Net-Zero Industry Act (NZIA).
The NZIA...
KONA I and IDEX Biometrics launch revolutionary biometric smart cards in Japan
KONA I, a leader in smart card and technology platforms, has teamed up with IDEX Biometrics to bring a biometric smart card to Japan.
The...
Fineksus revolutionises AML compliance with new Inspector API launch
Fineksus, a trailblazer in the FinTech sector, has launched the Inspector API, offering an advanced, cost-effective solution for Anti-Money Laundering (AML) Name Screening.
Exploring the significance of the Digital Operational Resilience Act
In an age where digital solutions are at the heart of enterprise operations, establishing strong operational resilience is paramount. The Digital Operational Resilience Act (DORA) emerges as a transformative regulatory framework, aiming to overhaul digital operations throughout the European Union (EU).
