Sep 30 2020 - OrionW
The Singapore government has amended its list of strategic goods and technology that are controlled for export from or transit through Singapore. The amendments are implemented in the Strategic Goods (Control) Order 2020 (SGCO 2020) which came into effect from 16 November 2020. The amendments affect a range of military and dual-use goods but do not change the scope of the controls that apply to strategic goods and technology.
Sep 28 2020 - OrionW
The Monetary Authority of Singapore (MAS) issued new Guidelines on Individual Accountability and Conduct (Guidelines) on 10 September 2020. The Guidelines set out five outcomes that financial institutions (FIs) should achieve to promote clear accountability of senior managers in key functions and promote ethical behaviour in the FIs. The Guidelines were accompanied by an Information Paper and FAQs to help FIs achieve the five outcomes.
Decisions published by the Personal Data Protection Commission in September 2020 highlight the importance of imposing contractual data protection obligations on vendors that will possess or access personal data. Organisations should also implement a password management policy, conduct properly-scoped pre-launch testing of IT features and cease retaining personal data that are no longer necessary.