Tag: Singapore

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

Aleta Planet, a Singapore-based payments solutions provider, announced on Thursday a new investment from the United Arab Emirates' strategic management company National Pulse.

GXS Bank, a prominent digital banking entity, has reportedly received a S$229.5m ($169m) capital injection from notable backers Singtel and Grab, according to a report from Tech in Asia. 

Singapore has launched its National Asset Recovery Strategy as announced by Prime Minister and Minister for Finance, Lawrence Wong.

Atome Financial, a Singapore-based FinTech firm, announced on Tuesday that it has secured a debt facility of up to $100m.

Singapore has announced findings of its updated ML NRA, which reflects its commitment to fortifying its AML framework in response to global risks.

Singapore has released its Environmental Crimes ML National Risk Assessment (NRA), detailing its exposure to environmental crimes.

Osome, a leading finance admin platform for founders and small and medium businesses (SMBs), has announced the completion of its Series B funding round, raising $17m. The funding, a mix of equity and debt, comes from both new and existing investors.

Bridgewise, an innovative AI-based analysis platform for global securities, has successfully completed a new funding round, securing $21m to fuel its expansion strategies.

Singapore has taken a significant leap towards enhancing corporate transparency and accountability in addressing climate change.