ACIP’s May 2025 Guidance on Source of Wealth: What Fund Managers Should Know In May 2025, the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) issued updated…
On 8 April 2025, the Monetary Authority of Singapore (MAS) issued a consultation paper outlining proposed amendments to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Notices
The Financial Action Task Force (“FATF”) Recommendations serve as the global standard for combating money laundering and terrorist financing (“ML/TF”). These recommendations provide a comprehensive framework of measures that countries…
Digital assets—including cryptocurrencies, digital payment tokens, stablecoins, and tokenised assets—are transforming financial services and investments. At the heart of this evolution is Web3, a decentralised internet paradigm powered by blockchain…
What is a Collective Investment Scheme (CIS)? A Collective Investment Scheme is an arrangement in respect of any underlying investments/assets which satisfies the following elements: Participants have no day-to-day control…
Introduction The Markets in Crypto-Assets Regulation (MiCA) represents a landmark piece of European legislation designed to comprehensively regulate the rapidly evolving crypto-asset market. It is also seen as the end…
The Fund Management sector in Singapore is a mature market, and now caters to various types of investors and their specific needs. Fund Management today can primarily be grouped into…
The Monetary Authority of Singapore (MAS) conducted a thematic review of financial institutions' Artificial Intelligence (AI), including Generative AI model risk management practices in mid-2024. The review highlighted several key…
Who is the Wolfsberg Group?The Wolfsberg Group (the Group) is an alliance of 13 global banks formed in 2000 to develop anti-money laundering and counter-terrorist financing guidelines. Its members collaborate…