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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
MAS issues a circular on non-face-to-face customer due diligence measures
The Monetary Authority of Singapore (“MAS”) has issued a circular on non-face-to-face Customer Due Diligence (“CDD”) measures.
February 21, 2022
Regulatory Updates January 2022
Our APAC team provides a monthly review of a wide range of Singapore regulatory compliance matters including, news, guidelines and…
February 8, 2022
MAS to develop a framework for equitable sharing of losses arising from scams
On 4 February 2021, the Monetary Authority of Singapore (MAS) announced that, in the coming months, it will be working…
February 7, 2022
MAS provides guidelines on the provision of Digital Payment Token services to the public
On 17 January 2022, the Monetary Authority of Singapore (MAS) issued ‘Guidelines on the Provision of Digital Payment Token Services…
January 28, 2022
Regulatory Updates December 2021
24 December 2021 – Form 1A - Application for a Capital Markets Services Licence for Fund Management Company Form for…
January 10, 2022
Singapore’s new fund structure – requirements for the Variable Capital Company (VCC)
Singapore introduced an alternative fund framework, Variable Capital Company (VCC), to encourage more funds to be domiciled in Singapore and…
December 13, 2021
Compliance obligations under the new Payment Services Act
The Payment Services Act (“the Act”) came into force on 28 January 2020 providing new framework for the regulation of…
December 10, 2021
Payment Services Act updates - Payment Services Bill
Strengthening AML/CFT Controls of Digital Payment Token (DPT) Providers The Monetary Authority of Singapore (MAS) recently released an infographic setting…
December 8, 2021
Licensing Guide - Payment Services Act (PSA)
The Payment Services Act (PSA) came into effect in Singapore on 28 January 2020 and it streamlines payment services regulatory…
December 8, 2021