71663406 - dollars and law hammer. break the corruption chain.

The Importance of On-Going Monitoring

In Nov 2017, a veteran Managing Director lawyer with 15 years of experience in conveyancing work, and a Senior Marketing Director of an international real estate agent were both charged in the Singapore Courts for failing to report to the authorities a suspicious property deal in the Sentosa Cove district. The charges were under the serious criminal Section 39(1) of The Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act, commonly known as[…]

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Ingenique Solutions goes on air on 938Live

Martin (left) with 938Live host Keith De Souza. Ingenique Solutions’ founder Martin Lim was on on 938Live “Breakfast Club” where he shared his views on Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) awareness among professional firms and small businesses in Singapore. If you have missed out on the interview, here’s a replay! http://www.ingenique.net/wp-content/uploads/2017/11/938Live_Ingenique.mp3 Contents of the interview: What is the state of AML/CFT landscape among businesses in Singapore? How do small businesses fit into the overall[…]


Veteran lawyer suspended for breaching Law Profession Act AML/CFT Rules – How to conduct customer due diligence?

A veteran lawyer of 18 years’ standing was suspended in late-Sep 2017, from practice for two years and fined $100,000 for professional misconduct in a case relating to anti-money laundering (AML). In what had started out “innocuously” as an incident of breaching professional conduct rules, the case was eventually escalated into that of aiding money laundering activities, and finally deemed serious enough to be referred to the Court to mete out punishment. In sentencing, Chief[…]


Anti-Money Laundering Training 2017

  We held our second Anti-Money Laundering (AML) training seminar on 17 Feb 2017. It was well received with more than 90 participants. This year, instead of general knowledge or concepts in AML/CFT, we focus on giving the participants the tools to develop and implement good AML/CFT Internal Policies, Procedures and Controls (IPPC). We also covered the latest developments in the area of beneficial ownership, and shared with the audience some open source tools for[…]


How to find beneficial owners? Guide to meet ACRA AML requirements.

Beneficial owners have in the recent past come under the lime light due to release of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ).  The Panama Papers are approximately 11.5 million of leaked documents from a Panama based Corporate Services Provider (CSP) Mossack Fonseca, detailing how some of the wealthy and powerful individuals and politicians are using webs of offshore companies for illegal purposes, such as fraud, tax evasions, or to avoid[…]