New compulsory training, test for corporate service providers

Aim is to boost resilience to illicit activities like money laundering, terrorism financing

New mandatory training and a proficiency test are being imposed to raise standards of corporate service providers, to protect Singapore's reputation as a trusted business hub.

These providers perform services such as setting up companies, corporate secretarial work and statutory filing of documents with the Accounting and Corporate Regulatory Authority (Acra).

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A version of this article appeared in the print edition of The Straits Times on May 12, 2018, with the headline 'New compulsory training, test for corporate service providers'. Print Edition | Subscribe