Tag: Singapore

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. 

Flagright recently took the opportunity to take a deep dive into the Monetary Authority's history and its role in financial compliance.

The GRI has recently unveiled an exciting new venture, the SIL created in collaboration with the IFRS Foundation.

The ABS has declared that the advanced security measures taken by significant retail banks in Singapore are proving effective against scams.