On 5 December 2024, the Monetary Authority of Singapore published a review of observations on risk management of artificial intelligence models for financial institutions. In particular, AI testing requirements focus on robustness through sensitivit…
On 5 December 2024, the Monetary Authority of Singapore (MAS) published a review of observations on the risk management of artificial intelligence models for financial institutions. The review identifies principal practices for the management of AI-…
On 2 December 2024, the Infocomm Media Development Authority (IMDA) launches the second iteration of the Generative Artificial Intelligence (AI) Sandbox for small and medium-sized enterprises (GenAI Sandbox 2.0). The sandbox aims to enhance the AI c…
On 26 November 2024, the Competition and Consumer Commission of Singapore (CCCS) opened a public consultation on the proposed acquisition of ZT Group Int’l, Inc. (ZT) by Advanced Micro Devices, Inc. (AMD) until 10 December 2024. The investigation fo…
On 26 November 2024, Singapore, together with 60 other states at the 17th Global Forum Plenary Meeting in Paraguay, committed to implement the Crypto-Asset Reporting Framework (CARF). This framework is designed to facilitate the automatic exchange o…
On 20 November 2024, the Competition and Consumer Commission of Singapore (CCCS) adopted an order against Foodpanda over misleading claims in its Pandapro subscription campaign. The claim advertised unlimited free delivery in all restaurants from 1 …
On 20 November 2024, Singapore and the European Union formalised their collaboration on Artificial Intelligence (AI) through a new administrative arrangement. This agreement establishes a framework for cooperation between Singapore's Infocomm Media …
On 15 November 2024, the Digital Economy Partnership Agreement (DEPA) Joint Committee announced the establishment of an Accession Working Group (AWG) to commence the accession process for Peru to the DEPA. The AWG, chaired by the Republic of Korea, …
On 11 November 2024, the Ministry of Home Affairs introduced the Protection from Scams Bill in the Parliament of Singapore. The Bill aims to empower the police to issue restriction orders (ROs) to banks in order to restrict transactions of individua…
On 6 November 2024, the United Nations (UN) General Assembly First Committee adopted a resolution on the implications of artificial intelligence (AI) in the military domain, proposed by the Netherlands and South Korea. The resolution addresses risks…