Non Face-to-Face KYC

Many financial institutions, including companies licensed under the Payment Services Actare required by the Monetary Authority of Singapore (the “MAS”) to appoint an external auditor or independent qualified consultant to assess the effectiveness of its non-face-to-face KYC policies, procedures, and any technology solutions used to help manage impersonation risks.  The requirement includes an obligation for the consultant to submit the report of the assessment to the MAS.  For further information about this requirement, please click here. We assist financial institutions in reviewing their non-face-to-face KYC procedures as well as issuing the requisite report to the MAS.
For information about our other AML/KYC/Due Diligence Services, click here. If you would like to find out more Singapore’s AML/KYC requirements, please peruse our knowledge library here.


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