We assist with financial institutions regulated by the Monetary Authority of Singapore (MAS) in relation to customer due to diligence, compliance training: Anti-Money Laundering and Countering the Financing of Terrorism for Capital Markets Intermediaries: 

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•  Identify and verifying financial institution's investor/customer and the relevant parties

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•  Carry out screening on companies and the relevant parties through databases on sanctions, PEPs, and adverse media

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•  Provide customers due to diligence reports summarizing work performed

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•  Find out more on IBF Singapore's website here.

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Our training programs are under the Financial Training Scheme (FTS) where IBF provides funding up to 50% (for Singapore Citizens/Singapore PRs aged below 40 years old), and up to 90% (for Singapore Citizens aged 40 years old and above). This FTS only applies to company-sponsored participants where the financial institution submits claims for the company-sponsored participants. Please refer to IBF's information note here for more details to qualify for IBF's funding scheme.

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We also provide the following services:

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•  Gap analysis review of existing AML policies and procedures, and MAS regulations

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•  Carry out investor file review to ensure the completeness of documentation and adherence to the regulatory requirements

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•  Review of remediation carried out on regulatory inspection reports

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•  Secondment of compliance personnel to assist with specific projects