AND COUNTERING THE FINANCING
OF TERRORISM (AML/CFT)
We assist with financial institutions regulated by the Monetary Authority of Singapore (MAS) in relation to customer due diligence, compliance training: Anti-Money Laundering and Countering the Financing of Terrorism for Capital Markets Intermediaries:
Identify and verifying financial institution's investor/customer and the relevant parties
Carry out screening on companies and the relevant parties through databases on sanctions, PEPs and adverse media
Provide customers due diligence reports summarizing work performed
Find out more on IBF Singapore's website here.
Our training programmes 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.
We also provide the following services:
Gap analysis review of existing AML policies and procedures, and MAS regulations
Carry out investor file review to ensue the completeness of documentation and adherence to the regulatory requirements
Review of remediation carried out on regulatory inspection reports
Secondment of compliance personnel to assist with specific projects