April 1, 2015

MAS releases consultation paper on proposed amendments to the Securities and Futures Act – Amendments arising from OTC reforms

MAS released a consultation paper on 11 February 2015, as part of its expansion of amendments to regulate over-the-counter (“OTC”) derivatives following the 2012 amendments to […]
April 1, 2015

Proposed amendments to the MAS Notice 626 and introduction of the proposed MAS Notice 626A

Introduction to and the Reality of Money Laundering and Terrorism Financing in Singapore Money laundering (“ML”) and terrorism financing (“TF”, and collectively, “ML/TF”) concerns are not […]
April 1, 2015

MAS Proposed Guidelines on Outsourcing

The Monetary Authority of Singapore (“MAS”) first issued the Guidelines on Outsourcing (“Guidelines”), about ten years ago. Since then, outsourcing arrangements have become more prevalent and […]
April 1, 2015

Facilitating Cross-Border Capital Raising in ASEAN

The Monetary Authority of Singapore (“MAS”) and the Singapore Exchange (“SGX”) jointly signed a Memorandum of Understanding (“MOU”) with the Securities Commission Malaysia and the Securities […]
June 1, 2015

Practical aspects of the revised and new Anti-Money Laundering Notices for Banks and Credit Card / Charge Card Licensees issued by the Monetary Authority of Singapore

Second of two -part article highlighting practical aspects of the revised MAS Notice 626 and new MAS Notice 626A Banks should take note of additional requirements, […]
September 1, 2015

Family Offices

Introduction Family offices typically are entities which assume day-to-day management and administration of the assets and wealth of high net worth individuals or families. There is […]
September 1, 2015

MAS Paves the Way for FinTech Innovation with SGD 225 Million Scheme

Recent times have seen a flurry of technology-driven innovation in the financial sector. Non-financial players now offer innovative solutions mirroring and, indeed, extending way beyond services […]
December 1, 2015

Consultation Paper on the Removal of the DBU-ACU Divide

On 31 August 2015 the Monetary Authority of Singapore (the “MAS”) issued a consultation paper setting out the proposed consequential amendments to regulatory requirements (the “Consultation […]
July 1, 2016

MAS directs bank to shut down in Singapore over serious breaches of anti-money laundering requirements

MAS directs bank to shut down in Singapore over serious breaches of anti-money laundering requirements As one of the leading financial centres in Asia, Singapore is […]
September 1, 2016

MAS Guidelines on Outsourcing: 11 significant changes you need to know and what to include in your outsourcing agreement

Introduction On 27 July 2016, the Monetary Authority of Singapore (“MAS”) issued new Guidelines on Outsourcing Risk Management[1] (“Guidelines”) to Financial Institutions (“FIs”). These Guidelines will […]