42 results found

The Monetary Authority of Singapore ("MAS") has issued a consultation paper on 21 July 2020, proposing a new Act that aims to strengthen MAS' regulatory and supervisory framework to keep...

The Monetary Authority of Singapore ("MAS") has published an information paper on 3 August 2020, which sets out its findings from a series of thematic inspections on enterprise-wide risk...

The new AML Department will streamline the existing responsibilities for regulatory policies relating to money laundering and terrorist financing.

Just four months after the Government's introduction of increased stamp duties on the purchase of residential properties from 6 July 2018, Parliament has on 20 November 2018 passed the Developers Bill.

As 2019 draws to a close, the Monetary Authority of Singapore (MAS) has been busy putting the finishing touches on its new regulatory framework for payment services

As Singapore strengthens its position as a global financial hub, banks have significantly raised the bar on regulatory compliance, anti-money laundering (AML), and risk management standards.

2022 will see continued focus on financial regulation, corporate governance and employment law as Singapore seeks to strengthen its status as a global business hub and ensure a sustainable recovery from the Covid-19 pandemic.

In a press release issued on Tuesday, August 1, the Monetary Authority of Singapore ("MAS") provided its most direct guidance yet on how it intends to treat "token offerings."

The Payment Services Bill ("Bill") was tabled for First Reading in Parliament on 19 November 2018.

Earlier this year, my team and I wrote on the revised Code of Governance for Charities and Institutions of a Public Character (the Code) published by the Charity Council in April 2023.

MAS has on 1 October 2021 published a consultation paper proposing the establishment of a digital platform for financial institutions to share risk information with each other for the purposes of preventing money laundering, ...

After a long lead-up, the Singapore Prime Minister's Office has now confirmed that the Payment Services Act 2019 (the Act) (other than sections 111, 113, and 114) ...

Philanthropy is booming in Singapore, spurred by the influx of wealth.

Singapore, a global financial hub, has consistently demonstrated its commitment to fostering innovation while maintaining a robust and secure regulatory environment.

On 17 July 2018, the Ministry of Law announced that it will put in place a new anti-money laundering and countering the financing of terrorism regulatory regime for precious stones and metals dealers in Singapore.

Trust and company service providers face an increasingly complex regulatory landscape that extends far beyond traditional "know your customer" checks. From beneficial ownership registers to economic substance rules...

The variable capital company ("VCC") is a new corporate structure for all types of collective investment schemes ("CIS") in Singapore. Each VCC may comprise of one or more CIS, which can be open-ended