Facing an ACRA Compliance Review?

Key Focus Areas of an ACRA Compliance Review

What ACRA Looks For in a Compliance Review? ACRA compliance reviews are not just about having policies in place —they assess whether a CSP can demonstrate effective implementation, consistent application, and supporting evidence.

This page explains how ACRA typically conducts compliance reviews, what areas carry the highest weight, and how CSPs can prepare in a practical and structured way.

ACRA Compliance Review Methods

Two Review Methods
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Third-Party Audit Firm commissioned by ACRA

Advance notice, on-site spot checks of documents and interviews, report submission → ACRA review.

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Direct Official ACRA Review

Email notification, demand for submission of IPPC/client list/CDD files, in-depth interview + file inspection, final opinion and penalty issued.

ACRA Compliance Review Scoring Focus

Core Review Standards

ACRA compliance reviews are generally assessed across the following core areas:

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Review Area Relative Weight
General information about CSP Low
Risk-based approach and risk assessment Medium
Internal Policies, Procedures and Controls (IPPC) High
Customer Due Diligence & Beneficial Ownership High
Suspicious Transaction Reporting Medium
Internal communication and staff training Low

Key takeaway: IPPC and CDD-related areas consistently carry the highest scoring weight and are the most common sources of regulatory findings.

Practical Support for ACRA Compliance Readiness

Below are practical resources designed to support CSPs at different stages of compliance readiness.
Each resource is available on a dedicated page for further details.

  • ACRA Compliance Review Pre-Check (Free)

    A short, confidential discussion with a compliance consultant to:

    • Understand your current compliance setup

    • Identify potential review gaps

    • Receive practical, risk-based improvement suggestions

  • CSP AML & CDD Compliance Self-Assessment Tool

    A self-assessment tool to help CSPs:

    • Review current compliance posture

    • Identify weaknesses before a formal review

    • Improve internal alignment and awareness

  • IPPC Template for Singapore CSPs

    A structured IPPC template designed to help CSPs:

    • Establish policies aligned with ACRA compliance expectations

    • Address the highest-weighted review area in compliance assessments

    • Translate regulatory requirements into practical operational guidance

  • AlgoCandy AML & CDD Software

    A digital platform designed to help CSPs:

    • Execute CDD processes in a compliant and consistent manner

    • Maintain clear audit trails and evidence-linked records

    • Improve operational efficiency without compromising regulatory expectations

Achieve Compliance Efficiently and Cost-Effectively!

Contact us to discover how our all-in-one AML/CFT and KYC platform empowers you to streamline Customer Due Diligence (CDD) and
risk management with greater efficiency and lower costs.

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