by Argus | Financial Institutions, Fintech, News, Regulatory Compliance
MAS considering Virtual Banking License for FinTech firms The Monetary Authority of Singapore (MAS) said on Tuesday it is reviewing whether to offer digital-only banks that have emerged out of FinTech firms a virtual banking license. Since 2000, Singapore-incorporated...
by Argus | Anti Money Laundering, Fund Management Company, News, Regulatory Compliance
Ex-Goldman Banker charged in 1MDB fund scandal Goldman Sachs is being probed by US Justice Department for its role as underwriter and arranger for some $6.5 billion worth of 1Malaysia Development Bhd (1MDB) bond offerings, in the governmental fund scandal shaking...
by Argus | Financial Institutions, Others, Regulatory Compliance
Singapore’s Government Agencies to know If you are looking to incorporate a company in Singapore, you will need to become familiar with a few government agencies with which you are sure to cross path. ACRA: the Accounting and Corporate Regulatory Authority ACRA is the...
by Argus | Regulatory Compliance, Variable Capital Company
CONSULTATION PAPER ON THE PROPOSED FRAMEWORK FOR VARIABLE CAPITAL COMPANY (VCC) PART 2 The Variable Capital Companies Act (“VCC Act”) was passed in Parliament on 1October 2018. The VCC Act provides the legislative framework for the incorporation, operation, and...
by Argus | Financial Institutions, Fund Management Company, Ongoing Compliance, Regulatory Compliance
Corporate Governance Requirements in Singapore A quick definition of Corporate Governance Corporate Governance is a general term encompassing all the directives, processes and rules which characterized “the system by which companies are directed and controlled”...
