Not Reporting Suspicious Transactions? You Could Be Facing Higher Fines

Not Reporting Suspicious Transactions? You Could Be Facing Higher Fines

Not Reporting Suspicious Transactions? You Could Be Facing Higher Fines Failure to report suspicious transactions and terrorism financing will be dealt with harsher penalties, as laws are being updated and enforcement increased in Singapore in a bid to fight against these crimes. Changes to the legislation were passed in Parliament and will affect the Terrorism…

Workers Enjoy Greater Protection, Thanks to Employment Act Changes

Workers Enjoy Greater Protection, Thanks to Employment Act Changes

Workers Enjoy Greater Protection, Thanks to Employment Act Changes Singapore’s labor workforce will enjoy greater protection, thanks to the latest changes and major transformation to the Employment Act. The changes will now entitle Singapore’s labor force to new rights, which include mandatory annual leave of seven to 14 days, paid sick leave and protection from…

New Rule for Housing Developers

New Rule for Housing Developers

More Responsibilities for Housing Developers to Prevent Money Laundering Singapore’s housing developers will have new rules, duties and responsibilities under a Bill which was passed in Parliament recently. These and other proposed changes to the Developers (Anti-Money Laundering and Terrorism Financing) Bill are part of Singapore’s efforts to remain in line with the international standards…