by Argus | Compliance, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Training Requirements for Financial Institutions As per MAS’ Notice on Prevention of Money Laundering and Countering the Financing of Terrorism, financial institutions are required to ensure that their employees, officers and...
by Argus | Compliance, Financial Institutions, News
The Monetary Authority of Singapore (MAS) has imposed a civil penalty on UBS for acts by its client advisors that breached section 201(b) of the Securities and Futures Act (SFA). Under this section, no person shall, directly or indirectly, in connection with...
by Argus | Compliance, Financial Institutions, News
Swiss Bank UBS has been fined HK$400 for overcharging up to 5000 clients for nearly a decade and other serious systematic internal control failures, The Hong Kong Security and Futures Commission (SFC) said in a statement issued on 11 Nov. During an investigation, the...
by Argus | Compliance, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Updates to the MAS’ Guidelines on Individual Accountability and Conduct On 6 June 2019, the MAS released its responses to the feedback received from the consultation paper of 26 April 2018 on the proposed Guidelines on Individual...
by Argus | Compliance, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Variable Capital Company: A Snapshot The introduction of the new VCC structure provides as additional structuring option for Singapore-based fund managers to domicile their investment funds locally and enhance Singapore’s position as an...
by Argus | Financial Institutions, News
The Monetary Authority of Singapore (MAS)’s Cyber Security Advisory Panel (CSAP) convened on 30th September to discuss the latest cyber-security challenges and strategies related to the financial industry in Singapore. The CSAP comprises of leading cyber security...
