Tag: Singapore
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.
SIL launch in Singapore: A major step forward in global sustainability...
The GRI has recently unveiled an exciting new venture, the SIL created in collaboration with the IFRS Foundation.
Singapore banks’ enhanced security nets $57.6m in scam prevention
The ABS has declared that the advanced security measures taken by significant retail banks in Singapore are proving effective against scams.
UK and Singapore boost collaboration in sustainable finance and FinTech initiatives
At the recent 8th UK-Singapore Financial Dialogue held in London, the United Kingdom and Singapore underscored their commitment towards enhancing collaborative efforts.
The Dialogue acted...
Navigating the labyrinth of FATCA and CRS compliance in the APAC...
In a recent post by TAINA Technology, the company dug deeper into remaining compliant with FATCA and CRS compliance in APAC.