Empowering Financial Service Businesses
Ingenia is a leading consultancy to financial services businesses in Singapore. We carry out MAS regulatory compliance, assist in MAS licensing, execute internal audit and provide investment support .
As a trusted leader in regulatory compliance and internal audit in Singapore, we partner with our clients in wealth management, fund management, payment services, digital assets and crowdfunding to empower their businesses with our tailored solutions.
The expertise of our team in regulatory compliance, internal audit, licensing and investment solutions and our understanding of small businesses frees your resources to focus on your core business activities.
Navigating the Capital Markets Services (CMS) Licence and the Financial Adviser’s Licence
Laws such as the Securities and Futures Act as well as the Financial Advisers Act have been crafted, modified, and updated to help regulate the financial sector in Singapore. These laws are combined to form a single modular licensing model and an integrated regulatory framework that provides industry participants with a sound and transparent set
The Application of Payment Services Activities
The first step for payment service providers is to understand the regulatory classification of the payment service(s) they are providing, including to consider whether they may require a license beyond payment services such as a license for dealing in securities. There are 6 different kinds of payment service activities under the Payment Services Act 2019
2020 Singapore Terrorism Financing National Risk Assessment
On 30 December 2020, the Singapore terrorism financing (TF) national risk assessment (NRA) was published. This report is a joint effort by the Risks and Typologies Inter-Agency Group (RTIG), led by the Ministry of Home Affairs (MHA) and the Monetary Authority of Singapore (MAS) further enhanced by the involvement of the private sector and academia
Guidelines on Individual Accountability and Conduct
On 10 September 2020, the Monetary Authority of Singapore (“MAS”) published new Guidelines on Individual Accountability and Conduct (“IAC Guidelines”). With these IAC Guidelines, MAS is bolstering culture and conduct in financial institutions similar to initiatives in other jurisdictions such as the United Kingdom, Hong Kong and Australia. The objective of the IAC Guidelines is
Licencing of Financial Institutions in Singapore
Overview of Financial Businesses Requiring a License in Singapore The provision of financial services in Singapore or targeting of customers in Singapore requires a licence from the Monetary Authority of Singapore (“MAS”). The licence required depends on the specific activity the financial institution is carrying out. The below list of activities focuses on the most
Understanding the licensing of digital payment tokens under the Payment Service Act regime
Under the Payment Services Act 2019 (the “PS Act”)_a digital payment token (“DPT”) “is, or is intended to be, a medium of exchange accepted by the public, or a section of the public, as payment for goods or services or for the discharge of a debt” which “is not denominated in any currency, and is
MAS Regulatory Compliance
Comprehensive support in compliance with MAS regulations.
MAS Licensing Support
Expert assistance for your application for an MAS license.
Professional, independent, cost-effective internal audit with practical recommendations
Off-the-shelf and bespoke support in asset allocation, portfolio construction and risk management.