The Monetary Authority of Singapore (Mas) sends a message of zero tolerance towards money laundering as it penalises two Standard Chartered entities for suspicious transfers from Guernsey, according to industry sources.
Tag: Singapore
Singapore seeks MRF, passporting schemes
The Monetary Authority of Singapore wants Singapore-domiciled funds to be available to investors in offshore markets, according to Lim Cheng Khai, an executive director for capital markets intermediaries at the MAS.
Opt in or out? Singapore’s accredited investors must choose
Recent defaults on bond payments by companies such as Swiber Holdings last year offer validation for the Monetary Authority of Singapore’s (MAS) push for enhanced investor protection.
Singapore firm bets on China’s opening
Mainland-owned Overseas Chinese Investment Management has a hedge fund operation in Singapore that hopes to benefit as China loosens capital controls and opens its financial industry.
Singapore’s Fullerton outlines China plans
The firm intends to launch its first onshore fund and apply for a qualified domestic limited partnership (QDLP) licence, according to Mark Li, Shanghai-based general manager and head of China sales at Fullerton Investment Management (Shanghai).
SG robo-advisor courts HNWIs
Another robo-advisor has joined the parade of competitors in Asia and aims to target wealth management of high-net-worth individuals and family offices.
Robo-advisor launched in Singapore’s sandbox
Kristal Advisor’s robo-advisory platform, Kirstal.ai, has been launched in Singapore with the help of the Monetary Authority of Singapore’s sandbox programme, according to Asheesh Chanda, Kristal’s founder.
Legg Mason’s Rare to launch infra fund in Singapore
Legg Mason Global Asset Management is planning to launch a listed infrastructure fund in the Lion City, according to records from the Monetary Authority of Singapore.
The Fry Group launches Singapore discretionary service
Global financial advisory group The Fry Group has launched a discretionary investment service in Singapore, giving clients the option to delegate some or all of their ongoing investment decisions to the firm.
Video: FSA Investment Forum Singapore 2017
FSA presents video highlights of the investment forum, held on 31 Oct at Fullerton Hotel in Singapore.
