21 August, 2015
RHT Compliance Solutions has been engaged by the Accounting and Corporate Regulatory Authority (ACRA) to conduct an independent AML/CFT review for registered filing agents (or corporate service providers), following a public tender process.
The commissioned review is to determine compliance with a new regulatory framework that was implemented by virtue of Accounting and Corporate Regulatory Authority (Amendment) Act 2014. This requires RFAs to develop and implement internal policies, procedures and controls and a compliance framework and to comply with Financial Action Task Force (FATF) recommendations on combating of money laundering and terrorism financing.
RHT Compliance Solutions will be conducting on-site compliance reviews to assess if the RFAs are in compliance with the statutory terms and conditions.
Co-Founder Nizam Ismail is the lead for this project.
