30 May 2018

With effect from 15 November 2018, any person who seeks to register or renew his/her/its registration as a registered filing agent (“RFA”) with the Accounting and Corporate Regulatory Authority (“ACRA”) will be required to complete a mandatory training programme which comprises a prescribed Anti-Money Laundering/Counter Financing of Terrorism (“AML/CFT”) course and an AML/CFT Proficiency Test prior to the application.

Where an RFA is not an individual, a director or owner or partner must attend the AML/CFT course and pass the AML/CFT Proficiency Test to satisfy the requirements for registration and renewal.

The objective of the mandatory training programme is to meet the RFA’s needs in AML/CFT training and is also part of ACRA’s ongoing efforts to raise the professional standards of the corporate service provider sector and to strengthen resilience against money laundering/terrorist financing.

Regulations 5A and 5B of the Accounting and Corporate Regulatory Authority (Filing Agents and Qualified Individuals) Regulations 2015 which came into operation on 11 May 2018 prescribe the mandatory AML/CFT training and proficiency test requirements.

The mandatory training programme is jointly developed by ACRA, the Chartered Secretaries Institute of Singapore (CSIS) and the Institute of Singapore Chartered Accountants (ISCA).

Reference materials

The following materials are available on the ACRA website:

 

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