ASIA REGULATORY ROUND UP – SINGAPORE BEEFS UP ACCOUNTING REGULATOR
April 11th, 2014
THE SINGAPORE Parliament has beefed up the powers of the country’s accounting regulator, especially over corporate service providers. MPs passed an accounting and corporate regulatory authority (amendment) bill, which will insist corporate service providers be registered as filing agents, able to help companies with their establishment, legal advice, regulatory filings, office hosting and secretarial services. Registration will oblige them to undertake customer due diligence and transaction monitoring on clients, including obtaining beneficial ownership ...
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