Our Thoughts
We like to be aware of changes, updates and developments that could affect you as our clients, partners and industry peers.
-
National Risk Assessment (NRA) – Money Laundering & Terrorism Financing Risks
Singapore’s National Risk Assessment (NRA) pertaining to prevalent Money Laundering (ML) & Terrorism Financing (TF) risks was recently updated. The updated NRA covers threats and... -
Navigating AML/CFT Controls: Establishing Sources of Wealth
There have been an array of new circulars, guidelines and announcements from the Monetary Authority of Singapore (MAS) recently, relating to the improvement of Anti-Money... -
Business Continuity Management: The Increased Reliance of IT Services amongst Financial Institutions
In the wake of the recent global IT outage affecting CrowdStrike (CS) from a periodic software update, Financial Institutions worldwide and in Singapore are reassessing... -
Fair Dealings: Revised Guidelines by the Monetary Authority of Singapore
Outcome from the Guidelines on Fair Dealing — Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers:Outcome 1: Customers have confidence that... -
“Update Feb 2024- Navigating Change: MAS Updates Guidelines on Licensing and Business Conduct for Fund Management Companies”
On the 23rd of February 2024, the Monetary Authority of Singapore (MAS) has revised its Guidelines on Licensing and Business Conduct for Fund Management Companies...