23 results found

In remarks to the media at the sidelines of the Ministry of Trade and Industry's annual economic dialogue on 28 August 2023, Mr Gan Kim Yong, Minister for Trade and Industry indicated that Singapore...

The Monetary Authority of Singapore ("MAS") has on 11 February 2021 published Notice PSN01AA on Prevention of Money Laundering and Countering the Financing of Terrorism.

Following the moves in Australia, China, Japan, the UK and the US to safeguard strategic sectors, the Ministry of Trade and Industry recently introduced the Significant Investments Review Bill earlier this month...

In today's interconnected world, global organizations confront a labyrinth of laws and regulations governing their international operations.

As part of the ongoing fight against the illicit flow of funds across borders, recent regulatory revisions from the Monetary Authority of Singapore ("MAS") have put proliferation financing ("PF") in the spotlight.

On 14 January 2019, the Payment Services Act 2019 ("PS Act"), which will consolidate the existing regimes governing the provision of payment services in Singapore and bring certain unregulated

The Monetary Authority of Singapore has on 12 May 2021 published a consultation paper relating to draft Notices setting out proposed AML/CFT requirements under the proposed notification frameworks for cross-border business arrangements ...

MAS generally expects financial institutions to have in place processes to effectively detect and manage sanctions-related risks.

On 17 September 2019, the Ministry of Law ("MinLaw") issued a press release to remind dealers of precious stones and precious metals ("Regulated Dealers")

In November 2018, the Serious Crimes and Counter-Terrorism (Miscellaneous Amendments) Bill was read for the second time and passed by the Singapore Parliament.

The Monetary Authority of Singapore has issued a consultation paper on 20 October 2015 proposing various amendments to the MAS Notice PSOA-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Stored Value Facilities.

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.

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.

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

The Background: In recent years, the world has witnessed heightened sensitivity surrounding foreign investments, leading to increased regulatory scrutiny of foreign direct investments ("FDI")...

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

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.