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.
What’s New and Why? AUSTRAC AML/CTF Rules 2025 introduce significant reforms to Australia's anti-money laundering and counter-terrorism financing framework. They expand compliance obligations for both existing and newly regulated reporting…
In Singapore’s highly regulated financial ecosystem, the collapse of Tokenize Xchange, operated by AmazingTech Pte Ltd (ATPL), illustrates how swiftly purported deficiencies in governance and compliance can trigger regulatory intervention.…
Liquidity Risk Management Singapore has become a critical priority for fund managers as regulators place greater emphasis on redemption resilience, investor protection and market stability.What happens when everyone wants their…
As a regulatory compliance professional services firm, Curia Regis provides expert guidance on navigating new regulatory developments to help financial institutions keep abreast of their regulatory obligations. In this brief…
ACIP’s May 2025 Guidance on Source of Wealth Due Diligence: What Fund Managers Should Know This article outlines the latest Source of Wealth due diligence requirements for Capital Markets Services…
On 8 April 2025, the Monetary Authority of Singapore (MAS) issued a consultation paper outlining proposed amendments to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Notices
Singapore regulators have recently issued multiple circulars and information papers on AML/CFT controls. These detail the expected market standards and supervisory expectations for Financial Institutions (FIs). This increased regulatory scrutiny…
For fund management companies in Singapore, liquidity risk refers to the risk that the Fund vehicles they manage may not have sufficient cash or liquid assets to meet obligations when…
The MAS compliance officer training requirements were updated on 23rd February 2024. The Monetary Authority of Singapore (MAS) revised its Guidelines on Licensing and Business Conduct for Fund Management Companies…
Following MAS' decision to repeal the RFMC regime in 2024, understanding the RFMC repeal timelines is crucial for Registered Fund Management Companies (RFMC) navigating this transition. MAS has set out…