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Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.
FinTech
Payment Services
Regulatory & Compliance

MAS Updates AML-CFT Requirements for DPT Service Licensees

Date
Apr 4, 2024
Author
OrionW
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The amended Payment Services Act, which expands the scope of regulated payment services, goes into effect on 4 April 2024.
FinTech
Payment Services
Regulatory & Compliance

Expanded Scope of Regulated Payment Services Takes Effect

Date
Apr 4, 2024
Author
OrionW
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The PDPC has issued advisory guidelines for organisations handling children’s personal data in the digital environment.
Data Protection & Cybersecurity
Regulatory & Compliance
Technology
TMT

PDPC Issues Advisory Guidelines On Children’s Personal Data In The Digital Environment

Date
Mar 31, 2024
Author
OrionW
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With the market race heating up, ITU looks to unlocking satellite communications direct to mobile phones at WRC-27 amid regulatory and technical challenges.
International Updates
Regulatory & Compliance
TMT
Telecommunications
Space & Satellites

Satellite Direct-to-Device Communications: Issues and Challenges

Date
Mar 20, 2024
Author
OrionW
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The Ministry of Finance and the Accounting and Corporate Regulatory Authority propose amendments to the Companies Act 1967 and a new Corporate Service Providers Bill.
Corporate
Regulatory & Compliance

MOF and ACRA Propose Changes to Companies Act and Expanded Regulation of Corporate Service Providers

Date
Mar 16, 2024
Author
OrionW
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Artificial Intelligence regulation has become a primary focus in Singapore, the EU, China and the USA. Each jurisdiction has varying regulatory approaches to oversee AI use and development, and to address potential risks.
International Updates
Regulatory & Compliance
Technology
TMT
Artificial Intelligence (AI)

AI Regulatory Approaches of Singapore, the EU, China and the USA

Date
Mar 13, 2024
Author
OrionW
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Various Singapore regulators have issued guidelines for organisations intending to develop and/or use AI-powered software. While not legally binding, these guidelines complement existing legislation in promoting responsible AI development
Data Protection & Cybersecurity
Regulatory & Compliance
Technology
TMT
Intellectual Property

Overview of Singapore's AI Regulatory Landscape

Date
Mar 12, 2024
Author
OrionW
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The Financial Institutions (Miscellaneous Amendments) Bill 2024 harmonises and strengthens MAS’s regulatory powers across various financial institutions.
FinTech
Payment Services

FIMA Bill to Enhance MAS Regulatory Powers Passed

Date
Mar 10, 2024
Author
OrionW
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As part of the planned progressive raising of retirement and re-employment ages until 2030, the retirement and re-employment ages will be raised again on 1 July 2026.
Employment
Regulatory & Compliance

Singapore to Raise Retirement and Re-employment Ages in July 2026

Date
Mar 8, 2024
Author
OrionW
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OrionW is a boutique law firm specialising in Singapore and cross-border corporate, commercial and regulatory matters, with a focus on technology, media and telecommunications (TMT) and financial technology (FinTech). We are dedicated to providing excellent legal service to clients at the leading edge of their markets.
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OrionW LLC (UEN 201505714C) is a Singapore law practice incorporated with limited liability.