David Yong faces four charges for the falsification of accounts in relation to a promissory note arrangement involving Evergreen Group Holdings.
The two may have overlapping traits, but industry watchers say the differences must be made obvious to customers.
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.
The Monetary Authority of Singapore recently shared the first set of measures proposed by the Equities Market Review Group to enhance the competitiveness of Singapore’s equities market. This update provides an overview of these measures with the second set of measures expected to be completed by end 2025.
The effects of a scam are often suffered not only by the victim, but also by the family. Given the prevalence of scams, it would be good to have a central online resource to help the victim and his family figure out the next steps, says the author.
MHA said Facebook was unable to curb the frequency of scam advertisements in the second half of 2024.
Malone Lam and his US co-accused have been arrested and charged with theft of more than 4,100 Bitcoin worth over US$450 million at current prices.
Experts say it may be a strong deterrent, but more is needed to reduce allure of the crime.
She admitted to carrying out business of providing payment service without licence.
Serious harm caused, record-high losses in 2024 prompting tougher stance.
The Monetary Authority of Singapore has announced that the Equities Market Review Group (Review Group) has recommended its first set of measures to enhance the development of Singapore's equities market. This update summarises the regulatory initiatives recommended by the Review Group and discuss their potential impact on the listing process.
This update provides an overview of the Protection from Scams Bill which will empower specified officers to issue a Restriction Order to banks to restrict the banking transactions of an individual, if there is reason to believe that the individual will make transactions to a scammer.
This update looks at the scope and safeguards of the Protection from Scams Bill passed in Parliament on 7 January which will give the police powers to issue restriction orders to banks, which will then restrict the banking transactions of an individual’s accounts.
This update highlights key aspects of the Protection from Scams Bill, such as the basis and impact of restriction orders issued by specified police officers, and the potential risks for banks.
Gujarat International Finance Tec-City (“GIFT City”) is an emerging player in the aviation industry, aiming to position itself as a significant alternative in international financial services. This article explores and compares the tax incentives and legal frameworks offered by Singapore and GIFT city for aircraft financing.
Gujarat International Finance Tec-City (“GIFT City”) in India and Singapore are prominent financial hubs offering distinct advantages in ship financing. This article sets out a comparative analysis of their regulatory framework, tax incentives and dispute resolution mechanisms.
The fourth quarter of 2024 and start of 2025 saw several developments that may impact the Singapore lending market. This update highlights developments relating to (i) the Enterprise Financing Scheme, (ii) the Multi-Jurisdiction Common Ground Taxonomy, (iii) the Financing Asia’s Transition Partnership and (iv) the launch of green loan provisions by the Loan Market Association.
MAS Response Date: 13 January 2025
Effective: 13 January 2025