Sector

Government & Policy

24 articles from the OM Industries desk.

Singapore Aml Enforcement 2024 2025

MAS Fines Nine Financial Institutions S$27.45 Million for AML Breaches in 2024-2025

Penalties conclude two-year supervisory examinations tied to 2023 S$3 billion money laundering scandal.

By Aiko TanakaApril 27, 20265 min read

Us Fed Rate Outlook Singapore

Fed's Steady Rate Stance Sustains Singapore Loan Demand

With a 60% probability of no further cuts in 2026, low borrowing costs persist across Singapore's economy.

By Wei ChenApril 24, 20265 min read

Merlion statue spouting water in singapore at night

Singapore Wealth Management Centre

Singapore's Wealth Management AUM Reaches $3.3T as Regulation Sparks Family Office Boom

Robust MAS oversight, tax incentives, and political stability have made Singapore the preferred wealth hub for global UHNW families.

By Marcus TanApril 23, 20265 min read

Singapore Wealth Management Center

Singapore Secures #2 Global Wealth Management Ranking, Topples Hong Kong in Family Office Growth

Deloitte 2024 ranking and BCG cross-border growth data confirm Singapore’s lead; 700 single family offices registered under MAS oversight.

By Wei ChenApril 23, 20265 min read

Singapore Compliance Salary Growth 2022 2025

Singapore PSA Compliance Salaries Surged 15-20% Annually from 2022 to 2025

Demand for PSA license expertise drove double-digit wage growth, pushing senior roles above S$300,000 by 2025.

By Jun-ho ParkApril 17, 20266 min read

Mas Digital Asset Innovation No Speculation

Singapore’s MAS Formalizes Dual Strategy: Foster Digital Asset Innovation, Curb Crypto Speculation

Ravi Menon’s 2022 speech encapsulated a policy that continues to guide stablecoin support, wholesale CBDC experiments, and selective licensing while restricting retail crypto speculation.

By Marcus TanApril 15, 20265 min read

cars on road near high rise buildings during daytime

Singapore Financial Services Drivers 2021

Singapore Financial Services Grew 6% in H1 2021 on Government Stimulus and MAS Digital Push

Post-pandemic recovery supported by fiscal stimulus and digitalisation initiatives including SGQR and digital banking licenses.

By Sofia MartinezApril 13, 20264 min read

Mpi Compliance Cost Revenue Percentage

MPI Licensees Report 8–12% Compliance Cost on Revenue, Outpacing Global AML Averages

Smaller New Zealand MPI holders face disproportionate AML/CFT, reporting, and inspection costs versus broader financial industry benchmarks.

By Emma FischerApril 7, 20265 min read

Singapore Fund Management 2025

Singapore Fund Management Slows in 2025 as Global Volatility Triggers Regulatory Scrutiny

MAS launches liquidity risk review and tightens VCC manager requirements amid weaker global market conditions.

By Natalie WongApril 3, 20266 min read

Close-up of an open bible with text and handwritten notes.

Mas Aml Actions Nine Fis 2025

MAS Fines Nine Financial Institutions S$27.45 Million for AML Failures in 2023 Money Laundering Case Fallout

Penalties conclude two-year probe into ties to S$3 billion scandal; prohibition orders issued to four executives.

By Wei ChenApril 2, 20265 min read

a red and white sign sitting on the side of a road

Mas Barriers To Entry Midstream

MAS Incorporation Mandate and Substantive Activity Test Raise Barriers for Midstream Intermediaries

Singapore requires full local incorporation and ongoing substantive fund management activity, limiting foreign entry via branch structures. Temporary representative caps and sandbox exit conditions reinforce regulatory hurdles.

By Emma FischerMarch 27, 20265 min read

woman in black shirt and brown skirt walking on sidewalk during daytime

Mas Licensing Timeline

MAS Licensing Approval Timeline Extends to 12–24 Months as Processing Time Reaches 6.5 Months in 2024

Increasing application volumes and regulatory complexity have pushed total licensing duration beyond two years for new financial services entities.

By Lucia FerrariMarch 23, 20265 min read

Mas Digital Asset Policy 2025

Singapore's MAS Caps Licensed Crypto Firms at 33 After June 2025 Deadline

Central bank maintains cautious stance on speculation while advancing institutional digital asset projects.

By Daniel CheungMarch 21, 20264 min read

Singapore Aml Compliance Costs Small Institutions

Singapore AML Compliance Costs Hit 3–5% of Operating Expenditure for Small Financial Institutions

Regulatory penalties reaching S$1 million per offense compound the financial strain on smaller firms.

By Daniel CheungMarch 20, 20265 min read

a wide open field with a dirt road going through it

Mas Loan Growth 2026 Outlook

MAS Projects Resilient Singapore Loan Growth in Early 2026, Moderation Later

Central bank cites low rates and AI-driven demand but cautions on energy supply risks and inflation.

By Rajesh IyerJanuary 5, 20265 min read

Sg Mas Aml Enforcement 2024

MAS Hits Nine Financial Institutions with S$27.45M in AML Penalties After 2024 Probes

Regulatory actions follow examinations into major 2023 money laundering case; penalties range from S$1M to S$5.8M per institution.

By Rajesh IyerNovember 15, 20256 min read

a blue sign on a white wall stating restricted area authorized personnel only

Mas Aml Enforcement 2024

MAS Fines 9 Financial Institutions S$27.45 Million for AML Breaches Linked to 2023 Money Laundering Case

The Monetary Authority of Singapore concluded its enforcement actions against institutions with nexus to a major money laundering case, imposing penalties ranging from S$1 million to S$5.8 million.

By Lucia FerrariNovember 8, 20254 min read

a row of coin sitting on top of a counter

Mas Aml Actions 2024

MAS Fines Nine Financial Institutions S$27.45M for AML/CFT Breaches in 2024

Singapore regulator imposes penalties on global banks, CMS holders, and a trust company for failures in customer risk assessment and transaction monitoring.

By Wei ChenNovember 7, 20254 min read

Mas Aml Enforcement 2024

MAS Fines Nine FIs S$27.45M for AML Breaches in 2024, Signaling Heightened Enforcement

Penalties arise from examinations linked to the S$3 billion money laundering case of August 2023; Credit Suisse and UOB bear the largest fines.

By Marcus TanSeptember 18, 20255 min read

Singapore Family Offices 2024

Singapore Single Family Offices Surged to 2,000 by End 2024, Up Fivefold from 2020

MAS confirms 2,000 SFOs, a 43% year-on-year increase, fueling wealth management revenues and local employment.

By Daniel CheungSeptember 7, 20255 min read

a sunset view of a city with a clock tower in the distance

Mas Aml Enforcement 2024 Nine Fis

MAS Fines Nine Financial Institutions S$27.45M for AML Breaches in 2025

Penalties follow thematic inspections linked to the 2023 major money laundering case; individuals also sanctioned.

By Rohan GuptaSeptember 6, 20255 min read

Mas Aml Regulatory Actions 9 Fis 2024

MAS Fines Nine Financial Institutions S$27.45M for AML Lapses Linked to 2023 S$3B Scandal

Regulator imposes prohibition orders and reprimands on 18 individuals as it concludes enforcement actions from major money laundering case.

By Wei ChenMarch 18, 20255 min read

Singapore Financial Services Recovery 2021

Singapore Financial Services Grew 4.9% in 2021, Fueled by Monetary Policy and Digital Adoption

Accommodative MAS stance and accelerated digitalisation drove a robust recovery, with the sector outperforming the broader economy.

By Jun-ho ParkSeptember 3, 20225 min read

Singapore Financial Services Covid 2020 Impact

Singapore Financial Services Market Contracted 3.1% in 2020 as Loan Origination and Transaction Volumes Fell

Tourism-dependent sectors plunged over 80%, but financial services suffered a moderate yet significant decline driven by reduced lending and lower transaction activity.

By Rajesh IyerSeptember 6, 20215 min read