by Argus | Compliance, Insurance
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 to be registered as that...
by Argus | Anti Money Laundering, News, Regulatory Compliance, Tax
France fines UBS bank record S$5.6 billion in tax fraud case A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros (S$5.67 billion) for encouraging customers to commit tax fraud, a record in France where public opinion has grown vocal for...
by Argus | Anti Money Laundering, Compliance, News, Regulatory Compliance
ANTI MONEY LAUNDERING COUNTRY BLACKLIST PUBLISHED BY EU The European Commission adopted a list of countries that has weak anti money laundering and terrorist financing regimes, and urged banks to increase customer due diligence (CDD) checks on customers and firms from...
by Argus | Compliance, Financial Institutions, Fund Management Company, Regulatory Compliance
Accredited Investor (AI) – Opt-in Regime The Securities and Futures (Amendment) Act 2017 which came into force in 2018 (hereinafter the Amendment Act) introduced changes to the definition of who is an “ accredited investor ” pursuant to section 4A of the...
by Argus | Monthly Newsletter, Regulatory Compliance
Articles & Events Summary Ongoing Regulatory Compliance in Singapore The Monetary Authority of Singapore (MAS) sets out a high regulatory yardstick to ensure that the relevant risks faced by all stakeholders are adequately mitigated, positively effecting...
