Trust Company

POSTED ON: Friday 25 Sep 2020 BY: rhtgoc

 
We understand your needs and concerns. As a Trust Company, meeting regulatory requirements and being updated on the latest developments and regulations are essential in complying with the Monetary Authority of Singapore’s (“MAS”) high standards of quality.

RHT Compliance Solutions (“RHTCS”) is here to assist you with your compliance needs. The MAS has been coming down hard on Trust Companies in recent months. The MAS imposed hefty composition penalties to companies which fail to comply with the regulations, especially in areas such as Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) and the verification of Source Of Funds (“SOF”) and Source Of Wealth (“SOW”). Get in touch with us to find out how we can be of assistance. Our rates are competitive, and you can be assured of peace of mind.

We care for your business and we are committed to helping you stay compliant.

 

Compliance Advisory Services


Independent party to check on your compliance
manual and other policies and procedures

 


Complement your in-house compliance team

 


Cost effective

 


Be advised on the latest regulations

 

What RHT CS will offer


Ensure compliance manual and
other policies and procedures
are up-to-date in accordance
with MAS’s latest regulatory
developments

 


Advise on the effectiveness
of the AML/CFT controls and
procedures

 


Ensure proper Client Onboarding
procedures and documentation

 


Advise on proper verification and
documentation of clients’ SOF and
SOW

 


AML/CFT training for the members
of the trust company

 

References on MAS recent Enforcement Actions on Trust Companies

 

 

DOWNLOAD PDF

 

RHT Compliance Solutions is a premier Compliance Service Advisory firm based in Singapore.

Our team comprises experienced and certified professionals with extensive regulatory, compliance and risk management experience from Singapore, Indonesia, Hong Kong and the broader region. The team is well equipped to provide clients with intelligent, risk-focused and cost-effective solutions.

RHT Group of Companies is an integrated ecosystem offering consultancy and fintech advisory services. When you engage us, you can be assured of a one-stop seamless service and multi-dimensional advisory afforded by our network of companies, backed by a team of capable leaders and effective individuals with expert knowledge. We are equipped to serve you at every stage of your business.

 

For further information, contact:


Jayaprakash Jagateesan
Executive Director and CEO
prakash.j@rhtgoc.com


Tony Yeow
Compliance Manager
tony.yeow@rhtgoc.com

 

RHT Compliance Solutions
1 Paya Lebar Link #06-08
PLQ 2 Paya Lebar Quarter
Singapore 408533
cs@rhtgoc.com