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,...
by Argus | Anti Money Laundering, News, Regulatory Compliance
Standard Chartered fined $1.1bn for money-laundering and sanctions breaches The British bank has agreed to pay $947m to American authorities over allegations that it violated sanctions imposed against Burma, Zimbabwe, Cuba, Soudan, Syria and Iran. Separately, it was...
by Argus | Financial Institutions, News, Payment Services Bill, Regulatory Compliance
MAS Releases Consultation Paper on Proposed Payment Services Regulations The Monetary Authority of Singapore (MAS) released yesterday a new consultation paper on payment services regulations, calling for comments from any interested parties such as Financial...
by Argus | Compliance, Financial Institutions, News, Regulatory Compliance
MAS issues Prohibition Orders against three people for fraud The Monetary Authority of Singapore has issued yesterday Prohibition Orders against three individuals for their fraudulent and dishonest conduct while carrying out their duties. Two former bank employees and...
