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The Importance of IPPC in the CSP AML Compliance Framework
What is IPPC In Singapore, the Accounting and Corporate Regulatory Authority (ACRA) requires all Corporate Service Providers (CSPs) and Registered Fil…
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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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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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Singapore Man Jailed for 10 Months for Money Laundering Through Corporate Secretarial Companies
Singapore, February 2025 – A Singaporean man has been sentenced to 10 months in prison after the High Court found him guilty of serious compliance fai…
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Former Director of Corporate Service Provider Charged with 15 Counts Linked to $3 Billion Money Laundering Case
Singapore, January 2025 – A former director of a Corporate Service Provider (CSP) has been charged with 15 offences related to Singapore’s S$3 billion…
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Singapore Director of 980 Companies Jailed for Negligence in Money Laundering Case
In December 2023, Singaporean national Xie Yong, 37, was sentenced to four weeks in jail and fined S$57,000 after pleading guilty to 18 charges under …
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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.…
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Two Singaporean Men Jailed for Acting as Directors of Over 100 Shell Companies in $20 Million Money Laundering Case
Singapore, December 2023 – Two Singaporean men have been sentenced to jail after acting as nominee directors for more than 100 shell companies, whose …
