Tag: Singapore

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

In a significant move set for October 2024, the MAS will implement changes to the over-the-counter (OTC) derivatives reporting requirements.

Singapore has launched its National Asset Recovery Strategy as announced by Prime Minister and Minister for Finance, Lawrence Wong.

Singapore has announced findings of its updated ML NRA, which reflects its commitment to fortifying its AML framework in response to global risks.

Singapore has released its Environmental Crimes ML National Risk Assessment (NRA), detailing the country's exposure to environmental crimes and outlining measures to combat these threats.

Singapore has taken a significant leap towards enhancing corporate transparency and accountability in addressing climate change.

Singapore-headquartered Xcelerate, a prominent governance, risk & compliance (GRC), and environmental, social & governance (ESG) platform, has closed a funding round exceeding $25m. This substantial...

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.

The introduction of the Unique Product Identifier (UPI) under the European Union’s EMIR REFIT marks a significant shift in over-the-counter (OTC) derivatives reporting. This innovative identifier is set to be implemented globally, impacting financial markets across Australia, Singapore, Europe, the UK, and the USA.

The Monetary Authority of Singapore (MAS) and various Chinese financial entities have strengthened their partnership with a raft of new initiatives.