Singapore to Step Up Money Laundering and Terrorist Financing Measures

Singapore to Step Up Money Laundering and Terrorist Financing Measures

Plans in Place to Strengthen the Laws That Regulate Virtual Payment Service Providers Singapore will be stepping up its measures against terrorist financing and money laundering. Changes to the law will strengthen regulations on virtual payment service providers. The Bill will improve the current regulatory framework that is in place for (Virtual Asset Service Providers…

Strengthening Singapore’s Data Protection Standards

Strengthening Singapore’s Data Protection Standards

Strengthening Data Protection Standards in Singapore Strengthening Singapore’s data protection standards with mandatory notification and stiffer penalties for data breaches. Minister for Communications and Information Mr S. Iswaran recently presented a proposed amendment to the Personal Data Protection Act. The Personal Data Protection (Amendment) Bill is amongst four Bills that were introduced in Parliament recently.…