by Argus | Anti Money Laundering, Consultation Paper, 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 | 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 | 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 | 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...
by Argus | Fund Management Company, Ongoing Compliance, Regulatory Compliance
Fund Management Companies in Singapore Outsourcing an arrangement by a Fund Management Company (FMC) to a service provider can bring cost and other benefits. However this can also increase the risk profile of the FMC, particularly when there is failure of a service...
by Argus | Compliance, Financial Institutions, News, Regulatory Compliance
New Industry Steering Group to Elevate Culture and Conduct Standards for Banks The Monetary Authority of Singapore (MAS) announced yesterday the creation of a new Culture and Conduct Steering Group (CCSG) in collaboration with the Association of Banks in Singapore...
