by Argus | Jun 19, 2019 | Financial Institutions, Fund Management Company, Regulatory Compliance
Capital Markets Services License – Dealing in Capital Market Products Capital Markets Services License (CMSL) A corporation that carries on a business in any regulated activity in Singapore would need to hold a CMSL under the Securities and Futures Act (SFA). The...
by Argus | Jun 13, 2019 | Anti Money Laundering, Compliance, News, Regulatory Compliance
Deutsche Bank threatens to axe 1,000 clients in compliance review In a move following a compliance review, Deutsche Bank has sent letters to almost 1,000 corporate clients to warn them they will lose access to basic banking services within weeks because it has not...
by Argus | Jun 7, 2019 | Anti Money Laundering, Compliance, News, Payment Services Bill
MAS issues a Consultation Paper on proposed AML/CFT Notices for Payment Services Providers The Monetary Authority of Singapore (MAS) published yesterday a Consultation Paper about the proposed AML (anti-money laundering) and CFT (counter-terrorism financing) Notices...
by Argus | Jun 7, 2019 | Compliance, Financial Institutions, Fund Management Company, Insurance, News
MAS issues a Consultation Paper on proposed scope of IAC Guidelines The Monetary Authority of Singapore (MAS) published yesterday a Consultation Paper concerning the proposed scope of Guidelines on Individual Accountability and Conduct (IAC Guidelines). Consultation...
by Argus | Jun 3, 2019 | Financial Institutions, Fund Management Company, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Outsourcing by Fund Management Companies in Singapore This article sets out the perks and perils of outsourcing arrangements, where we look at the most common business model in Singapore amongst financial institutions outside of banks – the...
by Argus | May 31, 2019 | Compliance, Financial Institutions, News
FSB reports Asia Pac firms are lagging in LEI adoption The Financial Stability Board (FSB) released this week a thematic review on the implementation of the Legal Entity Identifier (LEI), and offers several recommendations to promote a broader LEI adoption. You can...
