by Argus | Anti Money Laundering, Fund Management Company, News, Regulatory Compliance
Ex-Goldman Banker charged in 1MDB fund scandal Goldman Sachs is being probed by US Justice Department for its role as underwriter and arranger for some $6.5 billion worth of 1Malaysia Development Bhd (1MDB) bond offerings, in the governmental fund scandal shaking...
by Argus | Financial Institutions, Others, Regulatory Compliance
Singapore’s Government Agencies to know If you are looking to incorporate a company in Singapore, you will need to become familiar with a few government agencies with which you are sure to cross path. ACRA: the Accounting and Corporate Regulatory Authority ACRA is the...
by Argus | Regulatory Compliance, Variable Capital Company
CONSULTATION PAPER ON THE PROPOSED FRAMEWORK FOR VARIABLE CAPITAL COMPANY (VCC) PART 2 The Variable Capital Companies Act (“VCC Act”) was passed in Parliament on 1October 2018. The VCC Act provides the legislative framework for the incorporation, operation, and...
by Argus | Financial Institutions, Fund Management Company, Ongoing Compliance, Regulatory Compliance
Corporate Governance Requirements in Singapore A quick definition of Corporate Governance Corporate Governance is a general term encompassing all the directives, processes and rules which characterized “the system by which companies are directed and controlled”...
by Argus | Anti Money Laundering, News, Payment Services Bill, Regulatory Compliance
Crypto regulation: FinCEN Fines Virtual Currency Exchanger The Financial Crimes Enforcement Network (FinCEN) announced last week that it has fined Eric Powers, the operator of a peer-to-peer exchanger of convertible virtual currency, for willfully violating the Bank...
by Argus | Compliance, Financial Institutions, Regulatory Compliance
Regulatory compliance in Singapore: Legal Entity Identifier A Legal Entity Identifier (LEI) is a number given to a legal entity to identify without ambiguity all the parties in a financial transaction across the globe. It is a unique 20 digits alpha-numeric code,...
