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5 Key Factors for Choosing AML Screening Tools
How to Choose AML Screening Tools? AML screening is a critical step in both Customer Due Diligence (CDD) and Know Your Customer (KYC) processes. It he…
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Which AML Screening Software Works Best in Singapore?
In Singapore, the demand for AML screening software continues to grow. Whether you are a financial institution or a corporate service provider (CSP), …
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Clarifying the Role of Local Resident Directors in Singapore
Only through institutional arrangements can the assumption that “local resident directors are not involved in company operations” be transformed into …
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FATF Updates “Jurisdictions under Increased Monitoring” – Compliance Alert (13 June 2025)
On 13 June 2025, the Financial Action Task Force (FATF) released its latest update on jurisdictions under increased monitoring—commonly known as the &…
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Singapore’s New CSP Act Effective 9 June 2025: Strengthening AML Compliance and CDD Requirements
The Accounting and Corporate Regulatory Authority (ACRA) has announced that the Corporate Service Providers (CSP) Act and accompanying regulations wil…
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MAS’ Expert Panel Recommends New Measures to Strengthen Technology Resilience
April 21, 2025 – Singapore — The Cyber and Technology Resilience Experts (CTREX) Panel under the Monetary Authority of Singapore (MAS) has proposed a …
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FATF updates Standards and consults on guidance to better promote financial inclusion
The Financial Action Task Force (FATF) announced on 25 February 2025 that it has updated its global Standards to better promote financial inclusion, f…
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FATF Announces Key Updates on Jurisdictions Under Monitoring – February 2025
The Financial Action Task Force (FATF) released significant updates on 21 February 2025 regarding jurisdictions under increased monitoring and high-ri…
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Lessons for CSPs: Singapore’s $2.8 Billion Money Laundering Case Underscores the Importance of Robust AML Compliance
On August 15, 2023, Singapore authorities uncovered a massive money laundering operation involving 10 foreign nationals originally from Fujian, China.…
