Knowledge base

ACRA Update: RFAs Compliance with Singapore Companies Act

All Singapore Registered Filing Agents (RFAs) were sent a friendly reminder from ACRA regarding ensuring all entities are acting in compliance with Singapore legislation.


The Classification of Digital Tokens As Per Singapore Regulations

According to the Singapore regulations the digital tokens can be classified as “securities” or as “utilities”. The real nature of the digital token identifies the rights attached to it and the terms of its regulation.


How to Set-up a Beneficial ICO in Singapore

Singapore is a key cryptocurrency industry player, positioning itself as a global hub for cryptocurrency and blockchain-based companies and start-ups. Singapore provides a well-regulated legal framework as well as all the benefits of a stable financial centre with a reliable reputation, excellent banking system and low tax rate.


How to Successfully Fundraise Using Initial Coin Offerings

There are many different cryptocurrencies in the market of online trading, (Litecoin, Namecoin, Peercoin are just some examples of names) however the largest and most famous in the investment world is Bitcoin.


Cyprus Updates its Crypto-Asset Legislation to Meet EU Standards

The Cyprus Securities & Exchange Commission (CySEC) has revealed new details about its efforts to increase oversight of cryptocurrencies and related assets by integrating EU anti-money-laundering rules into Cyprus legislation.


Why Are the Baltic States so Involved in Global Money Laundering Schemes?

The Baltic States are always being mentioned in the tax news world for their latest involvement (some more directly than others). With Svenska Handelsbanken AB, Sweden’s biggest lender of assets being no exception; the bank recently had its business in Latvia, Estonia and Lithuania investigated.


How to Write a Legally Binding Will According to Singapore Legislation

If you have dependents such as children, elderly parents, or simply people you care about in your life and want to look after them after your death, a will gives you peace of mind that your assets will be distributed according to your wishes. Technically speaking, anyone can write a will for themselves…


Have the Many Benefits of Offshore Banking Left the Industry Open to Abuse?

The overseas banking industry is a billion-dollar business. Its no surprise that during the last decade, criminals have discovered ways to circumvent and exploit the system, ultimately giving the offshore world a bad reputation. This article looks at the many benefits associated with overseas banking; and how this has left the industry open to abuse.


Generally speaking, overseas or offshore banking has garnered a bad reputation in the financial world. Usually the term is synonymously used with embezzlement, money laundering and tax evasion; evoking reminiscent scandals such as the Panama Papers.