Our IPPC (Internal Policies, Procedures and Controls) template services are designed for Registered Filing Agents (RFA) / Corporate Service Providers (CSP), ensuring compliance with ACRA regulations.
With a proprietary, customizable template already 95% complete, it fully supports AML/CFT compliance requirements.
Internal Policies, Procedures and Controls (IPPC) refer to the mandatory compliance framework required by ACRA for Registered Filing Agents (RFA) and Corporate Service Providers (CSP) in Singapore.
The IPPC sets out internal governance standards, covering areas such as Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Customer Due Diligence (CDD), ongoing monitoring, record keeping, and staff training.
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.
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.