by Argus | Financial Institutions, News, Regulatory Compliance, Variable Capital Company
MAS is consulting on proposed regulations for VCC insolvency and winding up The Variable Capital Companies Act (“VCC Act”) was passed in Parliament on 1 October 2018. The VCC Act provides the legislative framework for the incorporation, operation, and regulation of a...
by Argus | Digital Tokens, STO & ICO, Financial Institutions, Payment Services Bill, Regulatory Compliance, Tax
IRAS considering GST exemption for Digital Payment Tokens Introduction Digital payment tokens /Cryptocurrencies are a taxable supply of services as per current GST rules. Business involves in the sale, issue or transfer of such tokens for consideration by a...
by Argus | Anti Money Laundering, Consultation Paper, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Capital Markets Services License (CMSL) – Dealing in Capital Market Products The article gives a brief introduction about Capital Market Products, specifically the requirements surrounding the criteria for grant of a CMSL and additional...
by Argus | Anti Money Laundering, Financial Institutions, News, Regulatory Compliance
Global money-laundering regulator takes on Cryptocurrencies In the first worldwide attempt to restrict Cryptocurrencies, Financial Action Task Force (FATF) demanded countries tighten oversight of digital exchanges to prevent them being used to launder criminal money....
by Argus | 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 | 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...
