Our IPPC (Internal Policies, Procedures and Controls) template is developed in accordance with Singapore’s latest Corporate Service Providers regulatory framework and is designed specifically for Corporate Service Providers (CSP).
It consolidates the CSP Act 2024, CSP Exemptions Order 2025, Corporate Service Providers Regulations 2025, ACRA official guidelines, compliance audit practices, and relevant court precedents, ensuring alignment with ACRA’s AML/CFT and CDD regulatory expectations.
With a proprietary, highly customizable template that is over 95% audit-ready, CSPs can efficiently implement, review, and maintain AML/CFT compliance controls with confidence.
Internal Policies, Procedures and Controls (IPPC) refer to the internal compliance framework required for Corporate Service Providers (CSP) in Singapore to meet ACRA’s regulatory and AML/CFT obligations.
The IPPC establishes governance and control standards across key compliance areas, including Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Customer Due Diligence (CDD), ongoing monitoring, record keeping, and staff training, ensuring CSPs can effectively manage and mitigate compliance risks.
Lack of IPPC or incomplete IPPC is considered non-compliance.
Failure to enforce measures stated in the IPPC is a violation.
IPPC must be updated at least once a year.
Monitor FATF and MAS updates on high-risk and monitored jurisdictions.
CDD procedures must be clearly documented, standardized, and consistently applied. The process should include client identification, verification, risk assessment.
High-risk countries, high-risk activities, PEPs, criminal records, sanctions lists, adverse news, or other suspicious indicators must automatically trigger ECDD procedures.
Establish criteria and timelines for STR submission. If an STR is not filed, reasons must be documented.
At least once a year, with proper training records kept for verification.
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risk management with greater efficiency and lower costs.