Regulatory Alerts2026-02-26
Added
Financial Measures in Relation to Russia
The Singapore Government has imposed financial measures targeting designated Russian banks, entities, activities in Russia, and fund-raising benefiting the Russian government, in response to Russia's invasion of Ukraine. These measures apply to all financial institutions in Singapore, including digital payment token service providers who are specifically prohibited from facilitating transactions that could circumvent the restrictions. The latest amendment, MAS Notice SNR-N01 (Amendment) 2026, takes effect from February 27, 2026, updating previous notices issued under the Financial Services and Markets Act 2022.
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