

Transforming Beneficial Ownership
People rarely get excited about beneficial ownership. In fact, there will be a fair bit of moaning and groaning when this topic is...

FATF Mutual Evaluation Report on Singapore
Summary Overall, we think that it is a great report but with all things and especially when all eyes on you, it is a little hard to aim...

AML - Broken Record, Old Gramophone in a Runaway Train
That's basically it. A perfect formula for an auditory disaster when the old gramophone plays the broken record of Soul Asylum's 1993...

My Startup Experience
July 2016 marks an important milestone for Cynopsis Solutions Pte. Ltd., a Software-as-a-Service (SaaS) start-up company in Singapore,...

Panama Papers...BSI Bank...What's Next?
There have been no lack of Risk, Regulatory and Compliance issues to write about. Of late, a couple of issues are hogging the headlines...

Casino = Money Laundering? Or Not
Straw-Poll Leaving behind the perception and bias built up with too many Hollywood/Las Vegas and Hong Kong god of gambling movies over...

First Corporate Money Mule Nabbed in Singapore
What? Money Laundering again?? Yes. This time it involved a DNFBP in Singapore. By the way, DNFBP refers to Designated Non-Financial...

Penny Wise, Pound Foolish
Fresh from the recent outcomes of the FATF Plenary Meeting where a number of interesting points are noted below: A statement on Brazil’s...

WADA Independent Commission Report #2 is Out...
What is it? World Anti-Doping Agency (WADA) has just issued Part2 of Independent Commission (IC) report in relation to investigation on...

"Don't Look, Won't Find"
A recent report published by Transparency International UK revealed some serious concerns in UK's AML rules which serves as an excellent...