The Singapore Terrorism Threat Assessment Report 2022 warns of heightened terrorism risks post-pandemic. Given the vulnerabilities in the PSMD sector, regulated dealers should adopt a risk-based approach and implement effective AML/CFT controls and training programmes.
Collective Investment Schemes (CIS) allow investors to pool funds into a managed portfolio of assets such as equities, bonds, or cash. Administered under the Monetary Authority of Singapore (MAS), all CIS offers must comply with the Securities and Futures Act (SFA) and the Code on Collective Investment Schemes.
The rise of digitalisation in the financial sector has transformed how financial institutions operate — but it also heightens exposure to cyber threats. Following major global incidents such as the SolarWinds hack, the Monetary Authority of Singapore (MAS) revised its Technology Risk Management Guidelines in January 2021 to ensure stronger safeguards across the industry. Financial institutions must now assess technology risks, evaluate third-party vendors, and implement robust frameworks to protect client data and maintain system integrity.
As sustainability takes centre stage, banks are under growing pressure to manage environmental risks and align with ESG principles. In Singapore, the Monetary Authority of Singapore (MAS) has introduced the Environmental Risk Management Guidelines and the Environmental Risk Questionnaire (ERQ) to help banks identify, assess, and mitigate climate-related risks. These tools not only strengthen banks’ resilience but also guide corporate clients in transitioning toward a greener, low-carbon economy.
