For regulated financial institutions in Singapore, a robust internal audit function is central to MAS’s expectations for sound governance and risk management. Our regulatory compliance consultants support CMS licensees, fund management companies, DPT service providers, and banks with outsourced and co-sourced internal audit programmes, risk-based audit planning, MAS compliance audits, and AML/CFT testing — all grounded in IIA standards and aligned with MAS supervisory expectations. We also assist firms in remediating findings arising from internal audits, MAS inspections, and independent reviews.
Published in May 2026, the Monetary Authority of Singapore’s (MAS) Information Paper on Risk Management Practices for Fund Management Companies (FMCs) provides valuable insights into the regulator’s observations from its…
The release of the 2026 FATF Mutual Evaluation Report (“MER”) in Singapore marks a significant development for Regulated Financial Institutions (“RFIs” or “Institutions”) operating within Singapore’s financial ecosystem. While Singapore…
The Monetary Authority of Singapore (“MAS”) has issued a consultation paper proposing new Third-Party Risk Management Guidelines (“the Guidelines”), which, if implemented, will supersede the existing Guidelines on Outsourcing. The…
On 6 March 2026, the Monetary Authority of Singapore (MAS) issued its consultation paper on the Updated Guidelines on Operational Risk Management (updated ORMG). MAS ORMG Singapore introduces clearer expectations for…
What Grey-Listing Is and Why It Matters to Regulated Financial Institutions The latest MAS FATF listings update follows the Financial Action Task Force (FATF) Plenary held in Mexico City in…
MAS Fit and Proper recruitment standards are under the spotlight following the Monetary Authority of Singapore's (MAS) “the Information Paper”on representative recruitment and onboarding. Based on a thematic review between…
What Financial Institutions Should Be Preparing for Ahead of 1 February 2026 Financial institution incident reporting requirements change from 1 February 2026. Financial Institutions in Singapore will need to submit…
As a new calendar year begins, Fit and Proper reviews once again come into focus across Regulated Financial Institutions. Annual declarations, internal reviews and board attestations are familiar fixtures of…
In today’s digital landscape, the MAS Digital Advertising Guidelines set important expectations for how financial institutions communicate through online channels. As a result, financial institutions must ensure that digital communications…
In a financial ecosystem increasingly dependent on digital outsourcing, third-party failures have become a systemic risk. The Monetary Authority of Singapore (MAS) has addressed Third Party Risk Management (TPRM) concerns…