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Why Do CSPs Keep Facing Jail Terms? Lessons from Singapore’s 2026 Cases
Nominee director services are part of the everyday business of many Corporate Service Providers (CSPs) in Singapore. Yet poorly managed arrangements c…
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Corporate Bank Accounts Allegedly Used to Launder Scam Proceeds: A Reminder for CSPs
A Russian man who operated a corporate service provider (CSP) and a Singaporean woman he recruited as a local director were due to be charged on 9 Oct…
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CSP Director and Employee Sentenced for Companies Act Offences
A director and an employee of a former corporate service provider (CSP) have been jailed for abetting a nominee director’s breach of her duties under …
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Nominee Directors and Uncontactable Clients: ACRA’s Guidance and What CSPs Should Do
In Balancing Director Accountability with Sound Corporate Governance, ACRA addressed the difficulties faced by local resident directors when foreign o…
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Free Download: Compliance Knowledge Map for Singapore CSPs
Corporate Service Providers (CSPs) in Singapore are required to comply with a wide range of anti-money laundering, counter-terrorism financing and pro…
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AML Screening Is Only 1.6%: 8 Compliance Areas CSPs Overlook
In my day-to-day work, I speak with many people responsible for AML/CDD compliance. One issue comes up repeatedly: many compliance professionals place…
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Singapore’s Next Regulatory Priorities for CSPs: Beneficial Ownership, STRs and Complex Structures
Singapore achieved a strong outcome in the Financial Action Task Force’s (FATF) 2026 Mutual Evaluation and was placed under Regular Follow-up. This re…
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Former CSP Director Sentenced to 32 Weeks’ Imprisonment: The Cost of Compliance Failures
On 16 July 2026, the Singapore Police Force announced that Wang Junjie, a former director of the former corporate service provider LW Business Consult…
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AlgoCandy Showcases AI-Powered Compliance Workflows at the CSIS CSPs Conference 2026
AlgoCandy was pleased to participate in the CSIS Corporate Service Providers Conference 2026, where our Chief Compliance Officer, Mr. Calvin, took the…
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ACRA Updates Form 45: New Declarations on Money Laundering Convictions and Lawful Business Use Effective from 6 May 2026
The Accounting and Corporate Regulatory Authority (ACRA) has updated Form 45. Companies and Corporate Service Providers (CSPs) should use the revised …
