What if you don’t have an LMS and what if you do.
March 26, 2024
Many larger companies – banks, financial institutions or any other type of organisation, use a Learning Management System. Just like i-KYC does. Let us dig into the various ways course materials can…
Trace Together and other government apps
February 21, 2024
The announcement – summarised by the Straits Times here is of course good news and not really surprising. Although I guess it’s news because many people would not have been surprised if the…
Singapore as tax haven
December 29, 2023
This article is a week old and I’ve been pondering what to think and make of it. It’s always good news if perpetrators are caught, but something just feels amiss here. I’ve worked for and with…
What to expect from AML/CFT in 2024
December 19, 2023
Written by Justin Muscolino: jtmcompliancetraining.com The global landscape of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) within the financial sector is currently undergoing…
Recent events in Singapore that hint at changes in 2024
December 18, 2023
When the news came out earlier this year that the government was working on a big money laundering bust, one of the first comments already indicated that the regulations in the island state were not…
KYC – Know Your Customer is not only relevant for banks
December 8, 2023
We’ve talked about it before but this article https://www.straitstimes.com/singapore/courts-crime/jail-for-2-nominee-directors-whose-shell-companies-laundered-almost-20m-in-scam-profits highlights…
A candid – although short – interview with outgoing Singapore MAS MD Ravi Menon on money laundering
November 14, 2023
Some key points we picked up from the interview with Bloomberg TV here on the question ‘is this just the tip of the iceberg’ his answer is not conclusive – but I believe the consensus in the market…
Implementing Effective Mandatory Annual Compliance Training Programs
September 26, 2023
Introduction In today's ever-evolving regulatory landscape, ensuring that your organisation complies with relevant laws and regulations is not just a legal obligation; it's essential for maintaining…
On sanctions, corruption, real estate and luxury goods in Singapore
September 26, 2023
The raid and the capture of hundreds of millions of assets and luxury goods has been headline news for a while in Singapore and it raises many questions in the press, for instance on the diligence of…
What is the MAS up to?
September 20, 2023
The news about the capture of close to a billion Singapore dollar in assets under a suspicion of money laundering is only the beginning… - first there’s a reaction from MAS in the Business…