Author name: admin

The MAS Transition Planning Guidelines (TPG) complement the existing Environmental Risk Management Guidelines issued by MAS by providing more detailed and forward-looking expectations, particularly in relation to climate-related risks and transition planning. MAS requires asset managers to identify and manage climate -related risk and these risks include: Transition risks (e.g., regulatory changes, carbon pricing, technological […]

In March 2026, the Monetary Authority of Singapore (MAS) issued prohibition orders under the Financial Services and Markets Act 2022 (FSMA) against two former bank relationship managers, Mr Wang Qiming and Mr Liu Kai, following their convictions in connection with Singapore’s money laundering case of August 2023 involving approximately S$3 billion in illicit assets. This

MAS issued Revised Guidelines on Licensing and Conduct of Business for Fund Management Companies on 03 September 2025. Effective 1 July 2025 Introduction The Monetary Authority of Singapore (MAS) has issued the updated Guidelines to MAS Notice SFA04-N02 on the Prevention of Money Laundering and Countering the Financing of Terrorism, effective 1 July 2025. These

MAS issued Revised Guidelines on Licensing and Conduct of Business for Fund Management Companies on 03 September 2025. Difference in Old & Amended Guidelines are presented here in tabular form: Old Guidelines (13 Jan 2025) Amended Guidelines (3 Sep 2025) 2.3 Managed Assets: In determining the value of the assets being managed, an FMC should

June 2025 FATF Statement The Financial Action Task Force (FATF) has issued its latest update on countries with serious anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies. The Democratic People’s Republic of Korea (DPRK) and Iran remain on FATF’s list of “High-Risk Jurisdictions and subject to Call for Action” and are subject to

MAS has observed the following breaches: –• Mr. Chong was not performing the financial advisory and capital markets services honestly. Mr. Chong is prohibited from doing: –• Any financial advisory service • Taking part in the management• Acting as a directorMr. Chong cannot become a substantial shareholder of any financial advisory firm under the Financial

BCM Audit – Deadline by June 2024 The Monetary Authority of Singapore (MAS) has published a revised Business Continuity Management (BCM) Guidelines on June 6, 2022. All the financial institutions must comply with the new guidelines, create a plan for a BCM audit within a year of issuance, and conduct a BCM audit by June

Repeal of RFMCs and Transition to CMS license The Monetary Authority of Singapore (MAS) has proposed to repeal RFMCs (Registered Fund Management Companies) and transition to CMS (Capital Markets Services) licenses as part of regulatory changes in the financial sector. The transition aimed to streamline regulatory processes, enhance market supervision, and promote greater efficiency and