Don Wee on Bills to strengthen Singapore’s anti-money laundering regime

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Implement the new regulations in phases, starting with high-risk corporate service providers (CSPs) and including other entities gradually. This approach allows for adjustments based on feedback and ensures that they will have enough time to comply.

Implement the new regulations in phases, starting with high-risk corporate service providers and including other entities gradually. This approach allows for adjustments based on feedback and ensures that they will have enough time to comply. Secondly, provide comprehensive training programmes and support resources for CSPs to help them understand and comply with the new requirements. These include workshops, online courses and access to advisory services.

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