Since 2002 financial institutions’ foreign related corporations may provide financial services in Singapore without being subject to licensing requirements in Singapore. These arrangements are approved by the Monetary Authority of Singapore (“MAS”) on a case-by-case...
The Payment Services Act came into force in January 2020. It was released on 4th January 2021 that the Payment Services Act will be read for a second time to make further changes to keep up with evolving innovation and technology, and emergence of new business models...
On 18 January 2021, the Monetary Authority of Singapore (MAS) released a revised Technology Risk Management Guidelines to address an environment of growing usage by financial institutions (FIs) of cloud technologies, application programming interfaces (APIs), and...
Articles and Events Summary Non-Face-to-Face Identity Verification The Monetary Authority of Singapore (“MAS”) on 10 November 2020, introduced a new consultation paper on the types of information required for non-face-to-face verification of an individual’s...
All Singapore incorporated companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) are required to file annual lodgment including annual returns and annual declarations with ACRA, within a prescribed timeline, under ACRA legislations....
