New Bill proposes up to S$100,000 in fines for corporate service providers that breach anti-money laundering obligations
CORPORATE service providers (CSPs) can face up to S$100,000 in fines per instance if they fail to meet their anti-money laundering obligations.
SGX RegCo seeks views on incorporating ISSB sustainability standards into listing rules
THE Singapore Exchange Regulation (SGX RegCo) is seeking feedback from the market on how to incorporate standards developed by the International Sustainability...
Large non-listed companies required to make climate disclosures from FY2027
LARGE non-listed companies will be required to make climate disclosures from the 2027 fiscal year, in a move by the government aimed...
No Signboard’s request for extension to hold AGM rejected by Acra and SGX
BOTH the Accounting and Corporate Regulatory Authority (Acra) and the Singapore Exchange (SGX) have rejected No Signboard Holdings’ application for an extension...
Acra cancels registrations of filing agent, qualified individual linked to money-laundering probe
THE Accounting and Corporate Regulatory Authority (Acra) has cancelled the registration of the filing agent linked to the 10 foreigners nabbed in...
Ex-director of Allied Technologies gets six-month jail term for breach of duties
FORMER Allied Technologies executive director Roger Poh has been sentenced to six months’ imprisonment for failing to act honestly in the discharge...
Acra names new chief executive; Ong Khiaw Hong to retire from public service
THE Ministry of Finance (MOF) has appointed Chia-Tern Huey Min as the new chief executive of the Accounting and Corporate Regulatory Authority...
New Acra anti-money laundering rules musn’t hamper ease of doing business in Singapore, say industry players
CORPORATE service providers said they welcome upgrades to Singapore’s anti-money laundering (AML) regime, but hope regulators would bear in mind that the...
Singapore’s biggest money laundering probe reveals web of corporate links, some more than 6 years old
SUSPECTS in Singapore’s S$2.8 billion money laundering case have been incorporating companies in the country since January 2017, an analysis of corporate...
Acra to introduce penalties on service providers, restrictions on directors next year
THE Accounting and Corporate Regulatory Authority (Acra) plans to table several proposals in Parliament in early 2024 to strengthen Singapore’s anti-money laundering...