Tag: Singapore
Singapore’s derivatives market overhaul: Understanding the MAS rewrite
In a significant move set for October 2024, the MAS will implement changes to the over-the-counter (OTC) derivatives reporting requirements.
How Singapore is reinventing asset recovery to fight transnational crime
Singapore has launched its National Asset Recovery Strategy as announced by Prime Minister and Minister for Finance, Lawrence Wong.
Singapore strengthens anti-money laundering measures amid evolving threats
Singapore has announced findings of its updated ML NRA, which reflects its commitment to fortifying its AML framework in response to global risks.
Singapore addresses environmental crimes money laundering risk
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 to pioneer climate reporting with mandatory disclosures from 2025
Singapore has taken a significant leap towards enhancing corporate transparency and accountability in addressing climate change.
Xcelerate secures over $25m in funding to expand GRC and ESG...
Singapore-headquartered Xcelerate, a prominent governance, risk & compliance (GRC), and environmental, social & governance (ESG) platform, has closed a funding round exceeding $25m.
This substantial...
Singapore’s latest CRS e-Tax guide update: What SGFIs need to know
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.
Decoding the UPI: Revolutionizing OTC derivatives reporting in global markets
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.
Singapore and China bolster financial cooperation with new initiatives
The Monetary Authority of Singapore (MAS) and various Chinese financial entities have strengthened their partnership with a raft of new initiatives.
How the Monetary Authority Singapore drives financial compliance
Flagright recently took the opportunity to take a deep dive into the Monetary Authority's history and its role in financial compliance.