by Argus | Financial Institutions, News, Regulatory Compliance
MAS sets out enforcement outcomes and priorities in inaugural Enforcement Report The Monetary Authority of Singapore (MAS) published its inaugural Enforcement Report on 20th March 2019. The enforcement report outlines MAS’ enforcement priorities and provides greater...
by Argus | News, Regulatory Compliance
MAS sets out enforcement outcomes and priorities in inaugural Enforcement Report The Monetary Authority of Singapore (MAS) published its inaugural Enforcement Report on 20th March 2019. The enforcement report outlines MAS’ enforcement priorities and provides greater...
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...
