The Monetary Authority of Singapore (MAS) recently published an information paper on “AML/CFT Supervisory Expectations from Recent Inspections”, following a series of anti-money laundering and countering the financing of terrorism (AML/CFT) inspections across various financial institutions (FIs) in Singapore. The paper emphasises the requirement for FIs to conduct independent and regular audits to ensure the effectiveness and compliance of their AML/CFT policies, procedures, and controls. IQ-EQ offers a comprehensive suite of regulatory compliance services for financial institutions. Our services include tailored outsourced internal audit services and customer due diligence services. These offerings help FIs ensure compliance with regulations, optimise best practices, minimise potential risks, and achieve a competitive advantage. Contact us here https://lnkd.in/ee4uMixK or reach out to the team to find out more. Yishan Lee | Justin Ong | Tim Khaw | Sudip Baniya | Sukanya Lal #iqeq #singapore #aml #cft #mas #regulatorycompliance #investorservices
