Singapore Introduces New AI Governance Measures: Global Assurance Sandbox Aligns with Financial Oversight

AI Verify Foundation launches Global AI Assurance Sandbox, complementing MAS Veritas/FEAT to operationalize testing and governance.
SUMMARY
Singapore has unveiled a new global initiative for AI governance with the launch of the Global AI Assurance Sandbox. Led by the AI Verify Foundation in collaboration with government and industry, the sandbox will provide testable and verifiable frameworks for AI oversight, complementing MAS’s Veritas and FEAT ecosystem.

[August 2025 – Singapore] — Singapore has reinforced its role as a leader in responsible AI adoption with the launch of the Global AI Assurance Sandbox, a joint initiative led by the AI Verify Foundation in partnership with government regulators and industry stakeholders.

The sandbox is designed to provide a controlled environment for testing, validating, and assuring AI systems. It will establish methodologies for evaluating transparency, fairness, and reliability in AI models, addressing growing calls for accountability in high-stakes sectors such as finance, healthcare, and digital infrastructure.

Crucially, the initiative complements the Monetary Authority of Singapore’s (MAS) Veritas and FEAT frameworks, which focus on ethical AI use in financial services. By aligning assurance practices with regulatory standards, Singapore is aiming to operationalize trustworthy AI in markets where compliance and consumer trust are paramount.

Industry participants view the sandbox as a major step toward global AI governance, offering both companies and regulators practical tools for evaluation. Analysts note that Singapore’s move sets a precedent for balancing innovation with oversight, while positioning the city-state as an international hub for AI governance.

The Global AI Assurance Sandbox is expected to attract collaboration from multinational firms, startups, and academic institutions. With its emphasis on measurable outcomes, the initiative underscores Singapore’s commitment to building an AI ecosystem that is both innovative and trustworthy.

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