
AML/CFT industry best practices on source of wealth due diligence
Navigate Singapore's asset management regulations with strategies for compliance and profit distribution to ensure growth and stability.
If your organisation has self-reporting contractual agreements that are not monitored or reviewed, the answer is likely yes. 90% of contract examinations identify misreporting, with losses running from thousands to millions. Whether intentional or not, if periodic inspections are not performed as part of a proactive contract compliance and software licensing management program, counterparties may fail to meet their contractual obligations.
The good news is, these losses can be prevented through effective contracting, and the monitoring and auditing of processes, controls and business partners.
Strategic partnerships hold immense potential - but especially when contractual obligations are followed. Negotiating the agreements and ensuring compliance take time and resources, but the effort pays off at the end when risk is mitigated.
We help you ensure that your vendors and channel partners comply with contractual obligations through effective contract management, which involves performing a portfolio risk assessment, enhancing controls, reviewing compliance, and monitoring contract enforcement. This helps to prevent revenue loss from license agreements, misreporting of inventory and sales data, and miscalculation of rebates as well as reputational damages from working with questionable or fraudulent parties.
Navigate Singapore's asset management regulations with strategies for compliance and profit distribution to ensure growth and stability.
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Our publication emphasises the critical need for heightened vigilance and the implementation of robust security protocols to combat these sophisticated tactics.
Following US President Donald Trump's announcement on 2 April to introduce a broad range of punitive tariffs starting 9 July, there have been significant regulatory updates and varied company responses. Learn the latest developments and their implications for you.