by AdrianaAMLP | Mar 27, 2025
MAS consults on regulatory measures for stablecoins, emphasizing reserve asset quality, due diligence, and risk management, particularly for Group 1b cryptoassets. The consultation also proposes restrictions on retail investor access to AT1 and Tier 2 capital...
by Jyotsna Bucktowar | Jan 23, 2025
The operation which unearthed staggering amounts of illicit funds, luxury assets, and real estate sent shockwaves through the Asian financial hub. The foreigners involved received prison sentences ranging from 13 to 17 months before being deported and permanently...
by Jyotsna Bucktowar | Dec 8, 2024
The money laundering case, involving more than S$3 billion (US$2.23 billion), surfaced in August 2023 when 10 foreign nationals were arrested in multiple raids. More than 400 police officers carried out islandwide operations, arresting nine men and one woman linked to...
by Jyotsna Bucktowar | Nov 10, 2024
Singapore’s National Anti-Money Laundering (AML) Strategy sets out the strategic approach to address money laundering (ML) risks and will guide our risk-targeted actions to combat ML amidst rapidly changing risks, trends and criminal typologies. Combatting ML is of...
by Jyotsna Bucktowar | Oct 9, 2024
It focused on five key areas: a) How to better prevent money launderers from misusing corporate structures; b) How financial institutions can enhance their controls and collaborate more effectively with one another and the authorities to guard against and flag...
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