Financial services businesses, widely defined, include activities and organisations that manage money, such as banks, insurance companies, and investment funds, as well as those who advise on how to manage money, including brokers and financial advisers. These organisations are regulated by the Monetary Authority of Singapore.
For any business involved in the financial services, whether in Singapore or internationally, the legal and regulatory environment in which they now operate is more complex than ever. Regulations change regularly and those that are in breach of the regulations can find themselves subject to punitive fines.
Lawyers can advise on various aspects of financial services law, including:
- authorisation and licensing issues
- corporate advice, including setting up financial services businesses, joint ventures, mergers and acquisitions, e-money and payment services
- contractual deals
- regulation, including regulatory authorisations and licences for conduct of activities in Singapore
- anti-money laundering and sanctions compliance
- disputes: if you are in dispute, your lawyer can advise on the strength of your claim, how to take the dispute forward and how to resolve it.
Who is the best lawyer for me?
Whether yours is a business in the financial services sector or you an individual with a particular legal problem associated with financial services, myLawyer can put you in direct contact with a lawyer who will be able to provide you with clear, effective and timely advice.