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Regulatory Compliance Updates August 2022 – APAC Region
31 August 2022 - MAS imposes composition penalty of $375,000 on UOB Kay Hian Private Limited for business conduct and…
September 8, 2022
Audit Preparation For Business Continuity Management
Revised Business Continuity Management (“BCM”) Guidelines were introduced in June 2022, setting out the principles that Financial Institutions (“FIs”) are…
August 29, 2022
Key Takeaways From MAS Information Paper on AML/CFT For External Asset Managers
The Monetary Authority of Singapore (MAS) has issued an information paper setting out MAS’ supervisory expectations of effective anti-money laundering…
August 29, 2022
Regulatory Compliance Updates July 2022 – APAC Region
28 July 2022 - CFC 02/2022 Disclosure and Reporting Guidelines for Retail ESG Funds This Circular sets out MAS’ expectations…
August 9, 2022
The latest MAS enforcement actions
The Monetary Authority of Singapore has taken action against individuals for conducting regulated activities in Singapore without holding appropriate licenses.
July 28, 2022
Regulatory Updates June 2022
30 June 2022 - Implementation of fairness principles in financial institutions' use of artificial intelligence/machine learning MAS conducted a thematic…
July 13, 2022
The latest MAS compliance requirements: How Waystone can help
With MAS compliance requirements becoming more complex, many firms find it more efficient to outsource their compliance needs.
July 12, 2022
Financial Advisers Complaints Handling and Resolution (CHR) Regulations 2021
On 30 November 2021, The Monetary Authority of Singapore (“MAS”) published in the Government Gazette the new Financial Advisers (Complaints…
June 27, 2022
MAS revised Business Continuity Management Guidelines
On 6 June 2022, The Monetary Authority of Singapore (MAS) released the revised Business Continuity Management Guidelines (BCM Guidelines).
June 27, 2022
Regulatory Compliance Updates May 2022 – APAC Region
31 May 2022 - Information papers on environmental risk management The information papers on environmental risk management for banks, insurers…
June 15, 2022
MAS consults on revised misconduct reporting for financial institutions
On April 2022, the Monetary Authority of Singapore (MAS) issued a Consultation Paper on Revised Notices on Misconduct Reporting Requirements…
May 30, 2022
Regulatory Updates April 2022
28 April 2022 - Strengthening AML/CFT name screening practices MAS conducted thematic inspections on the AML/CFT name screening frameworks and…
May 25, 2022
MAS provides an update on major investigations and highlights enforcement outcomes
The Monetary Authority of Singapore (MAS) recently provided an update on major investigations pertaining to high-profile cases in Singapore.
May 25, 2022
MAS paper on strengthening AML/CFT name screening practices
The Monetary Authority of Singapore (“MAS”) has released an information paper after conducting a thematic review on financial institutions in…
May 3, 2022
APAC Regulatory Updates March 2022
This APAC regulatory update covers the following areas: Consultation Paper on Draft Public Disclosure Requirements for Regulatory Capital Publication of…
April 19, 2022
MAS issues new sanctions in relation to Russia
On 5 March, the Ministry of Foreign Affairs Singapore released details of Singapore’s new sanctions against Russia in response to…
March 18, 2022
Singapore issues sanctions and restrictions against Russia
On 5 March, the Ministry of Foreign Affairs Singapore released details of Singapore’s new sanctions against Russia in response to…
March 11, 2022
Regulatory Updates February 2022
24 February 2022 - MAS issues Prohibition Order against Zeng Xuan for fraudulent and dishonest conduct MAS issued a five-year…
March 9, 2022