by Argus | Compliance, News, Regulatory Compliance
SFC fines UBS $375 million and suspends its licence for one year for sponsor failures Regulatory Compliance enforcement action. The Securities and Futures Commission (SFC) has reprimanded and fined UBS AG and UBS Securities Hong Kong Limited (UBS Securities Hong Kong)...
by Argus | Anti Money Laundering, Compliance, Tax
EU updates tax haven blacklist, adds UAE, Bermuda The European Union has updated its list of non-cooperative jurisdictions for tax purposes ( tax haven ). The new additions include Bermuda and the UAE. The Council of EU stated that these jurisdictions have failed in...
by Argus | Anti Money Laundering, News, Payment Services Bill, Regulatory Compliance
Can remittance companies licensed under the Money-changing and Remittance Businesses Act (MCRBA) lend money? Remittance companies are currently licensed under the Money-changing and Remittance Businesses Act (MCRBA). The Money-changing and Remittance Businesses Act...
by Argus | Compliance, News, Regulatory Compliance
Enhancements to Technology Risk and Business Continuity Management Guidelines proposed by MAS The Monetary Authority of Singapore (MAS) released two consultation papers on proposed changes to the Technology Risk Management Guidelines and the Business Continuity...
by Argus | Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Regulation for Insurance Brokers in Singapore The Monetary Authority of Singapore (MAS) mandates the registration of insurance brokers in Singapore. A person who carries on business as any type of insurance broker in Singapore is required...
