News & Analysis as of

Monetary Authority of Singapore Singapore AML/CFT

Morgan Lewis

New Financial Services and Markets Bill to Enhance Monetary Authority of Singapore’s Powers

Morgan Lewis on

The Financial Services and Markets Bill 2022, the goal of which is to address risks and challenges that impact institutions across the financial sector, was recently moved for first reading in the Parliament of Singapore on...more

Hogan Lovells

Empowering Singapore’s Financial Institutions through COSMIC Power SEA View, Article XIV: October 2021

Hogan Lovells on

After a summer hiatus, we return with a warning of imminent AML controls; a trend we witness across the region. On 1 October 2021, the Monetary Authority of Singapore (“MAS”) published a Consultation Paper on the FI-FI...more

Morgan Lewis

Singapore Introduces New Omnibus Act for Financial Sector

Morgan Lewis on

On 21 July, the Monetary Authority of Singapore (MAS) published a consultation paper seeking views on a proposed new omnibus act that will allow the MAS to adopt a financial sector–wide regulatory approach to financial...more

Hogan Lovells

Off to the races: The commencement of the Payment Services Act

Hogan Lovells on

After a long lead-up, the Singapore Prime Minister's Office has now confirmed that the Payment Services Act 2019 (the Act) (other than sections 111, 113, and 114) will imminently come into force on 28 January 2020 (the...more

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