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Fenergo combines advanced regulatory rules logic with centralized client and counterparty data and sophisticated case management and workflow solutions to help global financial institutions to fully comply with Singapore Anti-Money Laundering (AML) regulations.

MAS Act Overview

The MAS Act led to the official formation of the Monetary Authority of Singapore (MAS) in 1971.
This AML/CTF legislation obliges financial institutions to put in place robust controls to detect and deter the flow of illicit funds through Singapore’s financial system.
This includes the need to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious transactions.

Innovative Approach Required to Comply with MAS Act

Global financial institutions must ensure complete KYC compliance at every point in the client lifecycle in order to comply with Singapore’s wide-ranging AML legislation.
The alternative is severe financial and reputational penalties.
Financial organizations must adopt an innovative and rigorous approach to customer due diligence and KYC procedures and processes to comply with enhanced regulatory rules, improve the client experience and reduce onboarding time and costs.

Streamline MAS Act Compliance with Fenergo

Fenergo’s intelligent Anti-Money Laundering and Regulatory Rules Engine solutions enable banks to comply fully with Singapore’s AML/CTF regulatory requirements.
The solution integrates seamlessly with a wide range of data providers, including beneficial registers, and delivers a centralized source of golden data to ensure all AML and KYC rules and regulations are fully adhered to.

Useful resources

Fourth European Anti-Money Laundering Directive

A rules-driven, risk-based compliance solution that complies fully with the 4th EU Money Laundering Directive.

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Beneficial Ownership in Focus


Case StudiesDownload

Optimizing KYC Client Reviews For Efficiency & Control