The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) have observed the emergence of initial coin (or token) offerings (ICOs), and other investment schemes involving digital tokens, in Singapore. Members of the public are advised to … [Read more...] about Consumer Advisory on Investment Schemes Involving Digital Tokens (Including Virtual Currencies)
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Bangladesh to take over Co-Chair of the APG in 2018
The Asia/Pacific Group on Money Laundering (APG) announced that Bangladesh would be taking over the Co-Chair from Sri Lanka. The position was established in the APG’s first annual meeting in Tokyo, Japan, where its members will be elected for a two-year term. During … [Read more...] about Bangladesh to take over Co-Chair of the APG in 2018
Singapore Signs MCAAs to Enhance Tax Co-operation on Exchange of Information
PRESS RELEASE BY MINISTRY OF FINANCE, SINGAPORE On 21 June 2017, Singapore will sign the Multilateral Competent Authority Agreements (“MCAAs”) on:the Automatic Exchange of Financial Account Information under the Common Reporting Standard (“CRS”); and the … [Read more...] about Singapore Signs MCAAs to Enhance Tax Co-operation on Exchange of Information
Malaysia’s first lady linked to $30 million worth of jewellery bought with 1MDB funds
KUALA LUMPUR (Reuters) - Nearly $30 million of funds stolen from scandal-hit 1Malaysia Development Berhad (1MDB) was used to buy jewellery for the prime minister's wife, including a rare 22-carat pink diamond set in a necklace, according to the latest filings by the … [Read more...] about Malaysia’s first lady linked to $30 million worth of jewellery bought with 1MDB funds
U.S. acts to seize stolen assets, Picasso in probe of Malaysian fund 1MDB
WASHINGTON (Reuters) - The Justice Department took legal action on Thursday to recover about $540 million in assets that authorities say were stolen by financiers associated with a sovereign wealth fund established by Malaysia's prime minister, including a Picasso … [Read more...] about U.S. acts to seize stolen assets, Picasso in probe of Malaysian fund 1MDB