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Singapore launches new AI safety initiatives at global AI action summit

New AI governance initiatives were introduced to enhance the safety of AI for Singaporeans and global citizens at the recent AI Action Summit which was held in February. This update highlights the key features of these initiatives.

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URA releases revised Guidelines for Developers on Anti-Money Laundering and Counter Financing of Terrorism

This update summarises the changes that were made to the Guidelines for Developoers on Anti-Money Laundering and Counter Financing of Terrorism on 21 January 2025 in line with the key recommendations made in the report by the Inter-Ministerial Committee on Anti-Money Laundering.

ADV: STEP Private Client Awards – enter by 11 April 2025

ADV: STEP Private Client Awards – enter by 11 April 2025

Entries are sought across 25 categories, each designed to recognise the outstanding achievements of private client practitioners worldwide.

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More than 27 years’ jail, caning for drug runner who was paid $1,000 for each collection

More than 27 years’ jail, caning for drug runner who was paid $1,000 for each collection

Tan Guosheng is the latest member of the syndicate –which reaped more than a million dollars in proceeds for two key members – to be convicted in court.

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Thai Pilots Association to challenge Labour Ministry over foreign pilot policy

The Thai Pilots Association is set to file a lawsuit against the Labour Ministry in the Administrative Court on Friday, seeking a temporary injunction to block foreign pilots from operating domestic flights.

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Vietnam grants incentives to banks acquiring weak lenders

The State Bank of Vietnam has finalized the compulsory transfer of four financially weak banks—CB, Oceanbank, DongA Bank, and GPBank—to Vietcombank, MB, HDBank, and VPBank, respectively.

Capital A targets PN17 exit by May, shifts focus to non-aviation businesses

Capital A Bhd expects to exit its Practice Note 17 (PN17) status by May 2025, following approval from Bursa Malaysia for its regularisation plan, CEO Tan Sri Tony Fernandes announced.

Jail for man who caused ‘senseless, tragic’ accident that left auxiliary cop in vegetative state

Jail for man who caused ‘senseless, tragic’ accident that left auxiliary cop in vegetative state

Yoong Kok Kai was sentenced to three years and 10 months’ jail. He will also be disqualified from holding all classes of driving licences for 10 years after his release.

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