There are no shortage of screening system for Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT).  Why choose us for the Productivity Solutions Grant (PSG)?  Here are the top five reasons: REASON ONE: Pay for UNIQUE name searches Unlike many providers that also sell search credits, SentroWeb only deduct credits for unique name search and not per search.  This means that if the same name is searched multiple times, instead of paying for each search,[…]

As of 24 Sep 2020, SentroWeb is listed as a pre-approved solution for Commercial Anti-Money Laundering (ML)/ Countering the Financing of Terrorism (FT) Screening.  This means that eligible Singapore companies can get up to 80% funding support from Productivity Solutions Grant (PSG) to subscribe to SentroWeb pre-approved packages for a period of 12 months.  As announced at Supplementary Budget 2020, PSG funding support is raised to 80% until 31 Dec 2020 to help companies cope[…]

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 Kong.  By[…]

 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 finance industry to share his[…]

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) RisksOur response as a nationPreventing 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[…]

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[…]