What's new
Singapore regulators have recently issued multiple circulars and information papers on AML/CFT controls. These detail the expected market standards and supervisory expectations for Financial Institutions (FIs). This increased regulatory scrutiny
For fund management companies in Singapore, liquidity risk refers to the risk that the Fund vehicles they manage may not have sufficient cash or liquid assets to meet obligations when
Technology risk management is becoming essential as Financial Institutions (FIs) continue to adopt cutting-edge technologies for operational efficiency and better service delivery to their clients. As such, FIs such as
With the repeal of the Registered Fund Management Company (RFMC) regime, all Fund Management Companies (FMCs) are now under the Capital Markets Services License (CMSL) regime. This is broken down
Singapore updated its National Risk Assessment (NRA) on Money Laundering (ML) and Terrorism Financing (TF) risks. The update reflects new threats and vulnerabilities shaped by global, regional and local developments.
The Monetary Authority of Singapore (MAS) recently strengthened how Regulated Financial Institutions (FIs) in Singapore establish Sources of Wealth for customers and their Beneficial Owners. This is part of an