Introducing a Refreshed Ingenique
A New Look. Trusted as Ever. Compliance Done Right. At Ingenique, we have always believed that Anti-Money Laundering, Counter-Proliferation Financing and Counter-Financing of Terrorism (AML/CPF/CFT) compliance should never hold your business back. It should be a source of confidence and strength. Today, we are excited to unveil our refreshed brand — a reflection of how […]
AUSTRAC Enrolment Now Open for Tranche 2 Entities: A Practical Guide to AML/CTF Enrolment and Compliance
AUSTRAC opened enrolment for Tranche 2 entities on 31 March 2026, with full AML/CTF obligations commencing on 1 July 2026. If your business provides designated services — including legal services, accounting, conveyancing, real estate agency activities, property development, or dealing in precious metals and stones — you are now a reporting entity under Australia’s expanded […]
AUSTRAC’s AML/CTF Starter Kit for Accountants and TCSPs: A Summary Guide to Compliance Readiness
From 1 July 2026, Tranche 2 entities that provide “designated services, including accountants, trust and company service providers (TCSP), dealers in precious stones, metals and products, lawyers, conveyancers, and real estate professionals, must comply with anti-money laundering and counter-terrorism financing (AML/CTF) requirements. To support these professionals in preparing for compliance, AUSTRAC has released a sector-specific […]
AML/CFT Case Study: Money Laundering Through Gold Bars and Trade – Vulnerabilities and Risk Mitigation for DNFBPs
In a recent landmark case, Singapore authorities sentenced South Korean national Kim Taek Hoon to 5 years’ imprisonment for orchestrating a sophisticated money laundering operation involving over SG$1.55 billion (approximately USD1.15 billion) in illicit funds. Between 2014 and 2017, Kim systematically converted smuggled cash into nearly 28 tonnes of gold bars, which were then exported […]
Navigating AML/CTF Compliance in Australia: A Guide for Tranche 2 Entities Under the Amendment to the AML/CTF Act Effective 2026
Australia’s AML/CTF regime has evolved with the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024, passed in December 2024. The legislation amends the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to align Australia’s AML/CTF framework with the global standards of the Financial Action Task Force (FATF), strengthening its ability to prevent, detect, and disrupt […]
The New Corporate Service Providers Regulations and Guidelines: Top 3 Requirements and Compliance Steps CSP Need to Know
(Updated on 22 May 2025) Singapore’s Corporate Service Providers (CSP) Act 2024 was passed by Parliament on 2 July 2024, and the Corporate Service Providers Regulations 2025 will come into effect on 9 June 2025, marking a significant step in strengthening the nation’s anti-money laundering, countering proliferation financing and countering the financing of terrorism (AML/CPF/CFT) framework. The Accounting and Corporate Regulatory Authority (ACRA) has released the AML/CFT Guidelines […]
Singapore’s New AML/CFT Sentencing Framework for Nominee Directors: Implications for Corporate Service Providers
A recent landmark ruling by the Singapore High Court has sent a strong message to corporate service providers (CSPs), particularly those offering nominee director services. The court has established a stiffer sentencing framework for “silent” company directors who fail to exercise due diligence, with imprisonment now the presumptive sentence, starting at a minimum of four […]
2025 New Updates on Companies Registry’s Guideline on AML/CFT for TCSPs – Overview and Practical Guidance to Comply with the Latest Requirements
The Companies Registry (CR) has updated the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) for Trust or Company Service Provider Licensees (TCSPs), set to take effect on 3 March 2025, in order to align with the latest international standards and best practices recommended by the Financial Action Task Force (FATF). As the regulatory […]
Understanding Trade-Based Money Laundering (TBML): Techniques, Case Study, Red Flags and Best Practices for Risk Mitigation
Trade-Based Money Laundering (TBML) is one of the most prevalent money laundering methods encountered by professional firms in the Designated Non-Financial Businesses and Professions (DNFBP) sectors. This method primarily involves exploiting the vast volume of global trade and the complexities associated with foreign exchange and cross-border transactions. Given the significant threats posed to compliance, it […]
AML/CFT Regulations in Malaysia: Unpacking the Differences Between BNM and SSM Regulations
Both the Bank Negara Malaysia (BNM) and Companies Commission of Malaysia (SSM) play pivotal roles in Malaysia’s Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) efforts. While they share the common goal of combating financial crimes, their regulatory frameworks differ. This article outlines the key distinctions between the two, focusing on regulatory scope, risk-based approaches, […]