Investment fraud- Envy Asset Management and Envy Global Trading not licensed by MAS
MAS had placed EAM on the Investor Alert List on 19 March 2020, to highlight that Envy Asset Management (Envy) may have been wrongly perceived as being licensed by MAS. MAS had received public feedback that Envy had told customers that it was in the process of...
We’ve Moved to a New Office Location
We are excited to announce that our team has moved to a new office location. Our new office address is: 6 Raffles Quay, #14-07, Singapore 048580. The new and larger office space allows us to serve our customers better. If you have any questions about the relocation,...
Argus Newsletter, January 2021
Articles and Events Summary WEBINAR Payment Services Act Argus Global conducted a webinar on the Payment Services Act on 5 February 2021. We had overwhelming response for the Payment Services Act Webinar with over 100 participants joining it Live and actively...
Compliance Outsourcing and Secondment
All regulated financial institutions in Singapore are required to ensure they have suitable compliance arrangements in place to assist in meeting regulatory requirements. Licensed entities in Singapore, upon receiving their licence, will be required to put in place...
Cross Border Exemptions for Financial Institutions
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...
Payment Services (Amendment) Bill
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...
Revised Technology Risk Management Guidelines
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...
Argus Newsletter, December 2020
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...
Revised Penalty Framework for Annual Lodgments from 30 Apr 2021Revised Penalty Framework for Annual Lodgments from 30 Apr 2021
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....
New MAS Guidelines for Environmental Risk Management by Financial Institutions
The Monetary Authority of Singapore (“MAS”) recently released new guidelines for financial institutions (‘FI”), including asset managers, to enhance FIs management of their environmental risks. On 25th June 2020, MAS issued a consultation paper to introduce the...
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 identity. In light of increase in global cyber attacks such as data theft,...
Argus Newsletter, November 2020
Articles and Events Summary Online Training AML / CFT Training for Financial Institutions in Singapore Argus Global conducted an online training for Financial Institutions in Singapore on AML/CFT. The Monetary Authority of Singapore ("MAS") encourages all Financial...
Peer to Peer Lending/ Crowdfunding Requirements in Singapore
Crowdfunding generally refers to capital-raising approach that seeks to raise funds from a large number of individuals. Typically, funds are raised through an online platform using the following forms of crowdfunding: Donation-based crowdfunding –where individuals...
MAS Clarifies Frequently Asked Questions on Risk Based Capital Adequacy Requirements
Monetary Authority of Singapore (“MAS”) released a series of Frequently Asked Questions (“FAQ”) clarifying key queries raised on risk based capital requirement and submissions Under the Securities and Futures (Financial and Margin Requirements) Regulations...
AML/CFT Training and Regulatory Updates – Financial Institutions -Singapore
REGISTER NOW The Monetary Authority of Singapore ("MAS") encourages all Financial Institutions to attend at least one refresher training on topics of AML / CFT and keep abreast with latest regulatory developments. A training certificate of 2 hours for CPD will be...
Argus Newsletter, October 2020
Articles and Events Summary Online Training AML / CFT Training for Financial Institutions in Singapore The Monetary Authority of Singapore ("MAS") encourages all Financial Institutions to attend at least one refresher training on topics of AML / CFT and keep abreast...
Response to Feedback Received on Monetary Authority of Singapore Consultation Paper on the Payment Services Act 2019: Proposed Amendments to the Act
Monetary Authority of Singapore (“MAS”) released a consultation paper on 23 December 2019 on proposed changes to the Payment Services Act 2019 (“Payment Services Act”). The consultation paper closed on 28 January 2020 and MAS has released comments on responses...
MAS to enhance enforcement actions against market abuse and financial misconduct
In its Enforcement Report published today, the Monetary Authority of Singapore (MAS) has detailed several actions against financial institutions (FIs) and individuals for market abuse, financial misconduct, and control breaches related to money laundering. The MAS...
Financial Advisors – Balanced Scorecard Requirements
Monetary Authority of Singapore (“MAS”) issued Notice FAA-N02 Requirements for the Remuneration Framework for Representatives and Supervisors (“Balanced Scorecard Framework”) and Independent Sales Audit Unit. MAS also released a Guidelines on the Remuneration...
EX-BSI Banker banned for life by MAS
The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Mr Kevin Michael Swampillai for deliberately making misrepresentations to KPMG Malaysia - auditors of the Malaysian state-owned strategic development company, 1Malaysia...
SERVICES
NEEDING COMPLIANCE EXPERTS?
Get in touch with us today and learn more about our professional services
Compliance Management Singapore
Fund Management Company
Fund Set-Up In Singapore
Starting A Hedge Fund In Singapore
Capital Markets Services Licences
Fintech Regulatory Sandbox License
Financial Advisers Licence
Compliance Risk Management
Singapore Compliance Management
Corporate Compliance Singapore
Singapore Compliance Training
Registered Fund Management Company Singapore
Licensed Fund Management Company Singapore
Environmental Compliance
Corporate Governance
Regulatory Inspection
Compliance Outsourcing
Regulatory Approval
Regulatory Compliance
Risk Assessment
Risk Advisory
CONTACT
ARGUS GLOBAL PTE LTD
6 Raffles Quay , #14-07,
Singapore 048580
Near Raffles Place MRT (Exit I)
Monday to Friday (9am to 6pm) Except public holidays
Call
+65 68176861
Email: info@argusglobal.co
SERVICES
HIGHLIGHTS
