
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.
The world is changing on many fronts – the evolving regulatory landscape creates complexities that organisations may find challenging to navigate, while the associated cost of compliance continues to increase both in real terms and by taking key talent away from higher-value activities.
Companies that are about to list themselves in the United States will need to ensure that their corporate disclosure, compliance oversight, controls monitoring and accounting practices comply with Sarbanes-Oxley (SOX) requirements. Similarly, companies looking to publicly list themselves in Japan are required to comply with Japan’s Financial Instruments and Exchange Law, colloquially known as J-SOX.
At PwC Singapore, our experience with auditing numerous listed companies equips us with a unique insight into the requirements of companies across a wide range of sectors when it comes to the specific details of SOX/ J-SOX compliance solutions. We offer a range of tools, resources and accelerators towards a sustainable state whereby SOX/ J-SOX compliance programme quality is delivered at the lowest total cost, including:
To comply with section 404 of the SOX Act and J-SOX, we help you implement internal controls aimed at ensuring the accuracy of your financial reporting. These controls need to meet outcomes specified by regulators, such as segregation of duties, data security policies and proof of compliance. Ensuring that robust internal controls are in place helps prevent and identify errors in financial information, so that corrective action can be taken in a timely manner to protect the integrity of financial reports for public issue.
Navigate Singapore's asset management regulations with strategies for compliance and profit distribution to ensure growth and stability.
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