From the Malaysian incident to the recent money laundering case, Singapore has once again attracted worldwide attention.However, the Yima incident is mainly at the level of international investment banks and institutional investment, and The money laundering case of 2.8 billion yuan involves the broad level, which has changed the ecology of the Singapore wealth management circle in the future.
In the past, the training in the field of wealth management for customers and front desk personnel was mostly in terms of marketing.After the financial crisis in 2008, risk prevention also focused on the standards and transparency of sales behavior to control the risk balance between the investment products and the guest's ability.
The current huge challenge to employees in the environment is that new supervision has high requirements in the fields of legal, compliance, financial review, accounting, and company registration.Standard, this does make the employees on the front line exhausted.
Any successful and long -lasting career is inseparable from love and good at love.The new environment has pushed up the threshold for the business industry, including the banking, insurance industry, and real estate agent.In a local market where the labor supply is in short supply, or the loss of manpower, or whether the salary return has been greatly improved, or it is a great effort to re -re -professional training.
The heavy customer background investigation and account opening review has made many financial institutions helpless, and even need to spend heavy gold outsourcing third -party lawyers' buildings or accounting firms to contracted some businesses.If this method should be routine, future banking institutions may have to allocate accounting and tax departments, as well as legal departments that dedicate to investigating the customer background in depth.
Corruption, drug trafficking, and other serious crimes (confiscated benefits) issued in 1992 are still the most important anti -money laundering laws in Singapore. In recent years, the government has also released the 626th, 626a, PSN01, PSN02,Wait for auxiliary regulations.
The Singapore Financial Authority will launch the "CollaboativeSharingofml/TFINFORMATIONES (COSMIC) in the second half of next year.This platform will allow six banks in Singapore to exchange information to prevent potential activities related to financial crimes.The HKMA is ready to expand COSMIC to the entire financial system, and the relevant legislative terms are expected to be sent to Congress to vote next year.
At the same time, the Accounting and Enterprise Control Bureau (ACRA) also recently introduced consultation opinions, which includes the threshold of increasing corporate service employees and strengthen supervisionIt will be promoted early next year.
The newly announced 2023 Basel Anti -Money Laundering Report showed that the average risk of money laundering and terrorist financing in the world rose from 5.25 (totaling 10 points) last year to 5.31.The index is to analyze and evaluate 152The higher the risk of money laundering and terrorist financing, the lower the risk, the lower the risk.Singapore is currently ranked 118th, with the same score with the United States, and is far ahead of Hong Kong (87) and the UAE (48).
We cherish our feathers and brands, and understand that Qingyu is far higher than the short -term benefits.While building a sound management environment of the rule of law, we also need to consider more detailed implementation plans to ensure the smooth transition and adaptation adjustment of the financial ecosystem to appease and encourage the legal assets that intend to settle in Singapore.Show our actions and determinations in anti -money laundering.This is a highly technical operation.It is hoped that all of this adjustment and pain is to take a longer -term road to maintain the sustainability of Singapore's global wealth center status.