Effective Control of a Holder of a Capital Markets Services Licence
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March 25, 2025
The FATF Recommendations latest update (as of February 2025)
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…
March 21, 2025
Focus Area: Collective Investment Schemes (and MAS Surveys!)
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…
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February 7, 2025
The Differences between running a Public Markets Fund vs a Private Markets Fund
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…
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January 10, 2025
Deep Dive into AI-Model Risk Management
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…
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December 24, 2024
The Wolfsberg Group’s take on Digital Assets
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…
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December 13, 2024
Updates to Expectations of Financial Institutions’ AML/ CFT Controls
The regulators in Singapore have been busy in recent times, issuing multiple circulars and information papers detailing the expected market standards and supervisory expectations for Financial Institutions (FIs) in relation…
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November 22, 2024
Strengthening Liquidity Risk Management Practices for Fund Management Companies
For fund management companies in Singapore, liquidity risk refers to the risk that the Fund vehicles they manage may not have sufficient cash or liquid assets to meet obligations when…
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October 25, 2024
Importance of Technology Risk Management for Financial Institutions
Technology is an inevitable part of the financial industry as Financial Institutions (FIs) continue to adopt cutting-edge technologies for operational efficiency and for better service delivery to their clients. As…
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October 4, 2024