News
Public Consultation On Draft Notices To Financial Institutions On Prevention Of Money Laundering And Countering The Financing of Terrorism
Posted On Friday, August 04, 2006
On 3 Jan 2005, MAS released for public consultation, a first draft of a revised MAS Notice to Banks No. 626 on Prevention of Money Laundering and Countering the Financing of Terrorism (AML/CFT). Since then, there have been substantial developments on the international front in the area of AML/CFT. The Financial Action Task Force (FATF) has begun its third round of mutual evaluation of FATF member countries. Taking into account the comments received during the Jan 2005 consultation and developments in the implementation of the FATF standards, MAS has been working on further refinements to the AML/CFT regime for the Singapore financial sector.
Circulation Of Foreign Newspapers In Singapore
Posted On Thursday, August 03, 2006
The Ministry Of Information, Communications And The Arts (MICA) on 3 August 2006 issued a press release concerning the application of regulations under the Newspaper and Printing Presses Act to Far Eastern Economic Review, International Herald Tribune, Financial Times, Newsweek and TIME.
Public Feedback Sought For Draft Limited Partnerships Bill 2006
Posted On Wednesday, August 02, 2006
The Ministry of Finance is conducting a public consultation exercise to seek public comments on the draft Limited Partnerships (LPs) Bill 2006, as well as the proposed related amendments to the Business Registration Act, the Goods and Services Tax Act and the Income Tax Act.
Dean of NUS Law Faculty Appointed Specialist Judge
Posted On Wednesday, August 02, 2006
The President of the Republic of Singapore has appointed a new Specialist Judge, Professor Tan Cheng Han S.C. to the Subordinate Courts’ Bench.
IDA Enhances Number Portability Regime To Benefit Consumers
Posted On Wednesday, August 02, 2006
The Infocomm Development Authority of Singapore (IDA) will enhance the Number Portability regime here so that consumers can benefit from greater choice and flexibility in mobile and fixed line services.
MAS Invites Comments on Proposed Changes to the Banking Act
Posted On Monday, July 31, 2006
The Monetary Authority of Singapore (MAS) has released a consultation paper proposing several changes to the Banking Act. The changes are part of an on-going review of the banking regulatory and legislative framework.
Tax Academy of Singapore Established
Posted On Friday, July 28, 2006
The Inland Revenue Authority of Singapore (IRAS), has teamed up with the Law Society of Singapore and four international accounting firms (Deloitte & Touche, Ernst & Young, KPMG and PricewaterhouseCoopers) to set up the Tax Academy of Singapore.
The 7 Habits of Highly Useless Corporate Lawyers
Posted On Friday, July 28, 2006
The following list is not original. The list is claimed to be from an unknown and long-dead lawyer in 1836. It is said to have been discovered during the 1980s in the ruins of an old Episcopal church in a northern Virginia town near Washington DC, USA. I know it has nothing to do with Singapore law, but it is fun.
The Minister's Decision In Singtel's Appeal Against The IDA's Direction Dated 16 November 2005
Posted On Wednesday, July 26, 2006
The Minister for Information, Communications, and the Arts ("Minister") has, on 26 July 2006, issued his decision on SingTel's 30 November 2005 appeal against IDA's 16 November 2005 decision on reconsideration. The Minister's decision was to uphold IDA's 16 November 2005 decision on reconsideration in full.
Model Agreements and Transparent Advertisements from Accredited Employment Agencies
Posted On Thursday, July 20, 2006
The Association of Employment Agencies and Casetrust have come up with standard contracts for maid employers.
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