Our line of products
Ingenique Solutions’ SentroWeb-DJ is the most complete customer due diligence screening solution for Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT).
Ingenique Solutions’ SentroWeb-Acuris is a consolidated database of persons and entities known to be involved in global terrorist activities, fugitives wanted by international law enforcement agencies, and politically exposed persons (PEPs).
MoneyConnect, our flagship product, is an advanced mobile Point of Sale and retail business management solution for money changers. MoneyConnect is a new concept currency trading platform that contains a host of features that simplify the way you quote and do trades.
Founded in Jan 2014, Ingenique Solutions delivers innovative and useful products and services to help small business owners, and large enterprise meet their business goals. With Ingenique as a platform, we hope to offer outstanding solutions using information technologies as an enabler to help businesses run faster, leaner and better.
Since our formation, we have worked with money changers, fund managers, auditors and accountants to help them meet the regulatory requirements in Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT).
For money changers, we designed the most user friendly point-of-sales system that not only help them manage their money change business, it ensures that they meet the MAS 3001 AML/CFT requirements at an affordable cost.
With fund managers, auditors and accountants, we provided them with a cost effective AML/CFT customer screening search engine to help them meet the requirements of MAS SFA04-N02 (for fund managers) and ISCA EP 200 Guidelines in AML/CFT (for certified public accountants).
That is not all that we do. With our past experiences in large scale projects in the manufacturing, defence and banking industry, we are capable in delivering complex IT projects from design, build to operate stages. Feel free to talk to us.
Latest News & Blog
Latest News & Blog from the Ingenique team
How to prepare for Bank Negara Malaysia (BNM) AML/CFT Compliance Review – A checklist for busy professionals
On 31 Dec 2019, the Malaysia’s Bank Negara (BNM) has issued a new guideline on Anti-Money Laundering, Countering Financing of Terrorist (AML/CFT) and Targeted Financial Sanctions for Designated Non-Financials Businesses and Professions (DNFBPs) and Non-Bank Financial Institutions (NBFIs) ( i.e. the AML/CFT and TFS for DNFBPs and NBFIs ), to be effective on 1 Jan 2020. This new guideline now includes DNFBPs1 (or “professional firms”), in their obligations as reporting institutions, with respect to the[…]
Since the implementation of Part VA of the Legal Profession Act on Prevention of Money Laundering and Financing of Terrorism, and the accompanying Legal Profession (Prevention of Money Laundering and Financing of Terrorism) Rules on 23 May 2015, the Law Society has conducted independent reviews on its members to assist the members in the compliance of the AML/CFT requirements. So how can legal practitioners prepare themselves for the AML/CFT review? We summarise the key[…]
Partnership Announcement Ingenique Solutions has inked a long-term partnership agreement with Acuris Risk Intelligence (ARI), a leading provider of Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) information. ARI data, which covers PEPs, sanctions, and adverse media, is now available on Ingenique Solutions’ SentroWeb-Acuris AML/CFT platform. SentroWeb-Acuris is used by professional firms (public accountants, trust and company services providers, lawyers), real estate agencies and many small and medium size companies in Singapore, Malaysia and Hong[…]
Training Seminar 2018 We held our third Anti-Money Laundering (AML) training seminar on 9 Mar 2018, and we invited more than 100 participants to “lim kopi” with CPIB (Corrupt Practices Investigation Bureau)! Yes, this year we are happy to have Mr Cheot Zhi Chen, Senior Investigator of CPIB, to share with us his experiences in his line of duty when investigating corrupt practices in Singapore. In addition, we invited Mr Alfred Chia, a veteran in the[…]
Today’s Manager Issue 1, 2018 Ingenique Solutions’ article on Today’s Manager (a quarterly senior management publication by the Singapore Institute of Management, SIM). Read about it here. Article brief: Money Laundering (ML) and Terrorism Financing (TF) Risks Our response as a nation Preventing ML/TF
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[…]
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! https://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[…]
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[…]
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[…]