AML/CFT Compliance
Building defensible AML/CFT frameworks for Singapore-regulated financial institutions.
Overview
Anti-money laundering and counter-financing of terrorism framework development, independent reviews and compliance outsourcing for regulated entities.
How Alpha Can Help
Our team brings direct practitioner experience to every engagement. We work with clients from initial assessment through to implementation, providing practical advisory grounded in real-world understanding of aml/cft compliance.
Whether you need an independent review, framework development, regulatory preparation or executive training, our senior consultants can support your requirements directly.
Service Areas
Frequently Asked Questions
What is an AML/CFT independent review?
An independent review of an organisation's anti-money laundering and counter-financing of terrorism framework, conducted by a party external to the compliance function. It assesses the adequacy of policies, controls and procedures against MAS regulatory requirements and identifies gaps requiring remediation.
How often should AML/CFT frameworks be reviewed?
MAS regulations require regulated entities to conduct periodic reviews of their AML/CFT frameworks. The frequency depends on the entity type and risk profile, but annual reviews of key framework components are standard practice for Singapore-regulated insurers, financial advisers and other MAS-regulated entities.
What triggers an enhanced AML/CFT review?
Enhanced reviews are typically triggered by regulatory changes, a material change in business model or customer base, findings from internal audit or prior external reviews, or regulatory feedback following a MAS inspection. Boards are expected to commission independent reviews when these triggers arise.
Discuss Your AML/CFT Requirements
Our team would be pleased to understand your requirements and discuss how we can support your organisation.
Get in TouchNavigating a Complex Insurance, Risk or Regulatory Challenge?
Whether you are strengthening your risk framework, entering a new market, preparing for regulatory review or building a new insurance proposition, our team would be pleased to discuss how we can support you.