Proposed amendments to MAS Notices to Financial Institutions on AML/CFT and their impact to Customer Screening

  MAS’s proposed amendments place more rigorous requirements on financial and other institutions to screen their customers, related parties and partners against lists of sanctioned and high‐risk entities, as well as Politically Exposed Persons (PEPs). This article identifies the elements of MAS’s recommendations relevant and specifically to Customer Screening. Many of MAS’s current and new recommendations affect not only companies and institutions but also small business owners like money-changers, remittance agents and financial advisors. It[…]


SentroWeb – Web based AML/CFT and PEP Search

Ingenique Solutions is pleased to announce the General Availability of SentroWeb – our web-based AML/CFT (Anti Money Laundering/ Countering Financing of Terrorism) solution for screening of sanctioned persons, entities and PEP (Politically Exposed Person). With the proposed changes by MAS on AML/CFT regulations, SentroWeb is designed to assist business owners, like yourself, in the Customer Due Diligence (CDD) process by putting a powerful name search capability at your premise. Our database is linked to international[…]