US CFTC Reports US $17.1 Billion in Enforcement Action for FY 2024

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 4 December 2024, the US Commodity Futures Trading Commission (US CFTC) announced the Enforcement action for fiscal year 2024, securing a US $17.1 billion in monetary relief. This includes US $2.6 billion in civil monetary penalties and US $14.5 billion in...

MAS and NUS Extend Landmark Term Professorship Programme for Five More Years

by Theresa Joy Lacatan | Dec 6, 2024 | Blog News, Crypto News

On 4 December 2024, the Monetary Authority of Singapore announced the renewal of its partnership with the National University of Singapore, extending the Monetary Authority of Singapore Term Professorship in Economics and Finance for another five years. This...

UK FCA Published Consultation on Transparency in Enforcement Investigations

by Theresa Joy Lacatan | Dec 5, 2024 | Blog News, Crypto News

On 28 November 2024, the United Kingdom’s Financial Conduct Authority (UK FCA) issued a follow-up consultation paper to refine its approach to enforcement transparency, building on earlier proposals made in February 2024. The updated consultation outlines amendments...

MAS Imposes SG$2.4 Million Civil Penalty on JPMorgan Chase for Misconduct in OTC Bond Transactions

by Theresa Joy Lacatan | Dec 5, 2024 | Blog News, Crypto News

On 2 December 2024, the Monetary Authority of Singapore (MAS) imposed a civil penalty of SG$2.4 million on JPMorgan Chase Bank, N.A. for failing to prevent and detect misconduct committed by its relationship managers. The penalty follows an investigation into...

Australia and Singapore Unite to Boost Sustainable Infrastructure and Decarbonisation Efforts in Southeast Asia

by Theresa Joy Lacatan | Dec 5, 2024 | Blog News, Crypto News

On 3 December 2024, the Monetary Authority of Singapore (MAS) announced collaboration with the Australian Government, through Export Finance Australia, which has approved a US$50 million investment into Singapore’s Financing Asia’s Transition Partnership (FAST-P)...

MAS Publishes Financial Stability Review 2024: Global Risks, Embracing Technological Change, and Strengthening Resilience

by Theresa Joy Lacatan | Dec 3, 2024 | AI News, Blog News

On 27 November 2024, the Monetary Authority of Singapore published the Singapore’s 2024 Financial Stability Review, offering an incisive analysis of the challenges and opportunities in an increasingly uncertain global economic landscape. The document evaluates...