“Our goal is to be at the heart of the Compliance Services as businesses expand across borders.”
We are a dedicated team of regulatory compliance specialists, formerly from Big 4, banks and Monetary Authority of Singapore, with over 50 cumulative years of experience in compliance, tax reporting, KYC and audit functions. We also implement risk management and governance framework for family offices and enterprises to facilitate their wealth transfer to future generations and sustainable growth, respectively.
The global compliance landscape has evolved significantly over the past few years. Notably, the Common Reporting Standard or CRS, modelled after FATCA, was introduced by the OECD since 2017 to tackle tax evasion issues. In addition, due to the rise of decentralised money, the OECD has also released a public consultation document concerning a new global tax transparency framework to provide for the reporting of information related to crypto-assets.
With FATCA/CRS, the participating jurisdictions are obliged to submit data related to foreign people’s assets to the local tax authorities, who will then exchange such information with tax authorities in other jurisdictions. However, each jurisdiction has its own flavor of CRS, and financial institutions (FIs) have to comply to the local requirements of each jurisdiction that they have presence in.
Born out of this complex regulatory landscape, we recognise the pain of small and medium-sized financial firms including family offices, fund management companies and venture capital firms, who often struggle to justify the disproportionate expenses on establishment of a full fledge, self-sufficient compliance function.
Our in-house team provides direct and timely expertise, without you having to go in circles to find the right specialists and paying brand premium charged by large service providers who may just have a small compliance arm. We have emerged from these players, and this allows us to offer affordable and transparent pricing, while providing high quality expertise to you. Our work is also augmented by software technology equipped with bank level security to provide you a secure, smooth and personalised service journey with us.
Let us be your extended compliance and corporate service arm today, while you focus on growing your business.