


SFC bans W. Falcon Asset Management (Asia) Ltd’s former chairman and ex-CFO
Mr Ang Wing Fung, the former chairman of W. Falcon Asset Management (Asia) Ltd (Falcon), and its former chief financial officer and company secretary Mr Chan Kam Wah have been banned from re-entering the industry for life and three years, respectively by the...
GST payable on overseas digital services from 1 Jan 2020
Starting from 1st January 2020, consumers in Singapore will have to pay Goods and Services Tax (GST) on digital services purchased from GST-registered overseas service providers. Currently, only locally procured services are subject to GST, while services...
Europe’s Finance Chiefs to Call for Anti-Money Laundering Agency
With a view to confront a wave of money-laundering scandals within the banking industry, Europe’s finance leaders are recommending that a regional anti-money laundering agency be formed to fight and prevent such crimes. They are calling upon European...
Financial Reporting Practice Guidance No. 2 of 2019 – ACRA
Every year ACRA provides guidelines to ensure companies comply with existing financial reporting standards. On 21 Nov 2019, ACRA has released the Financial Reporting Practice Guidance No. 2 of 2019, which highlights three financial reporting areas that directors...