Singapore Launches New Global AI Initiatives at ATxSummit 2025
Introduction Singapore stands as a trailblazer in the area of artificial intelligence (“AI“), quickly establishing AI standards, guidelines, and tools to stay ahead of the ever-advancing tides of AI development and deployment. In recognition of the importance of global collaboration in AI, Singapore has also stepped up as a global leader, spearheading efforts in […]
Regulatory Framework for Virtual Asset Service Providers in line with FATF Enhanced Standards Commences on 30 June 2025
Introduction With effect from 30 June 2025, Part 9 of the Financial Services and Markets Act 2022 (“FSMA“) will take effect to introduce a new class of financial institutions (“FIs“), namely digital token service providers (“DTSPs“). The new DTSP regulatory framework aims to implement the enhanced standards set by the Financial Action Task Force (“FATF“) which […]
Singapore Continues Efforts to Align International AI Governance Frameworks
The rapid rise of artificial intelligence (“AI“) has meant that more countries are establishing their own AI governance frameworks to encourage development while managing the associated risks. However, due to the cross-border nature of AI application, it is important to harmonise the disparate frameworks. In this regard, Singapore is continuing its efforts to align international […]
EU-Singapore Digital Trade Agreement – Enhancing Digital Trade between Singapore and the EU
Introduction In light of the increasing prevalence of digital trade, which now makes up around 25% of international trade, Singapore – as a global trade hub – has demonstrated a keen focus on developing stronger bilateral ties in the area of digital economy. Such trade ties are of particular importance against the current backdrop […]
Singapore Issues Advisory on Export Controls on Advanced Semiconductor and AI Technologies
Introduction Export controls have become more complex over the last few years given the evolution of, and continued advancements in, technology. The risks of chips and artificial intelligence being imbibed and utilised within various products has meant greater enforcement. In Singapore, this was aptly demonstrated in a recent case regarding the movement of advanced […]
IMDA Issues Advisory Guidelines for Resilience and Security of Cloud Service and Data Centres
Introduction As we become increasingly reliant on digital services, including online banking and e-commerce, the resilience and security of Cloud Services and Data Centres (“DCs“) become of vital importance. Such digital services are dependent on the continued availability and functioning of Cloud Services and DCs, and disruptions can lead to adverse impact. To […]
Singapore Launches New AI Safety Initiatives at Global AI Action Summit
Introduction The Artificial Intelligence Action Summit (“Summit“) was held on 10 and 11 February 2025 in Paris, at which political, business and civil society leaders came together to foster international cooperation in key areas of artificial intelligence (“AI“), including AI governance, innovation, and safety. At the Summit, Singapore’s Minister for Digital Development and Information, Mrs […]
New Code of Practice for App Distribution Services to Protect Users from Harmful Content
Introduction The Infocomm Media Development Authority (“IMDA“) has issued a Code of Practice for Online Safety for App Distribution Services (“Code“), which takes effect from 31 March 2025. The Code requires designated App Distribution Services (“ADSs“) to enhance online user safety, particularly for children, and curb the spread of harmful content on their service. […]
Expanded ASEAN Guide on AI Governance and Ethics
Introduction The rapid development of artificial intelligence (“AI“) shows no sign of slowing down, and with its increased proliferation, governments have been seeking to establish national frameworks to ensure the controlled and secure development and deployment of AI. In recognition of the cross-boundary nature of AI, governments have also been looking towards greater cooperation […]
Global AI Assurance Pilot
