What financial service firms does ABM Global Compliance support?

We assist firms in banking, payments, electronic money, capital markets, and other financial-services sectors with compliance, regulatory authorisation, AML/CTF, risk management, governance, and ongoing compliance support.

Do you help with regulatory licensing and authorisation?

Yes. We provide support with preparing applications, understanding requirements, capital, governance, policies, and liaising with regulators for financial services licensing.

What AML/CTF obligations do financial service firms need to meet?

They need to have customer due diligence (KYC/KYB), transaction monitoring, reporting of suspicious transactions, sanctions screening, risk assessment, record keeping, staff training, and internal oversight.

How often should financial service firms review and update their compliance frameworks?

At minimum annually, or sooner if there are regulatory changes, internal incidents, or business model changes that affect risk or operations.

What is regulatory reporting and how can you help?

Regulatory reporting includes periodic or ad-hoc filings required by regulators. We help firms prepare, review, submit these reports accurately and on time, and advise on new reporting requirements.

Why are governance & internal controls important in financial services?

Good governance ensures accountability, oversight, risk awareness, and helps maintain regulatory compliance. Internal controls help prevent errors, fraud, non-compliance, and protect the firm and its customers.

Financial Services Advisory | ABM Global Compliance

Regulatory Licensing & Registration

ABM assists clients in obtaining necessary registrations and licences from MAS, including Capital Markets Services Licences (CMSL), payment institution licences, and virtual asset service provider (VASP) licences. We guide firms through complex application processes, ensuring compliance with the Securities and Futures Act, Payment Services Act, and relevant AML/CFT requirements.

Compliance Framework Development

We design and implement customised compliance programs aligned with Singapore’s regulatory obligations, covering AML, CFT, KYC, data privacy under the Personal Data Protection Act (PDPA), and risk management frameworks. Our programs enable proactive risk identification and mitigation.

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AML/CFT Programs

ABM develops AML/CFT frameworks that meet MAS regulations, supervisory guidance, and FATF standards. We assist with effective CDD and EDD procedures, sanctions and PEP screening, transaction monitoring, and suspicious transaction reporting to strengthen financial crime controls.

Internal Audit & Compliance Reviews

Our independent audit services evaluate the effectiveness of your compliance controls, AML/CFT program, and governance framework. We conduct gap analyses against MAS and other regulatory requirements, providing detailed remediation plans and preparing organisations for regulatory audits.

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Ongoing Compliance Support & Outsourcing

We offer outsourced compliance roles including Compliance Officer, MLRO, and DPO. Services include regulatory monitoring, compliance impact assessments, reporting management, and governance support—ideal for fintech startups and mid-sized firms seeking expert compliance support without in-house overheads.

Regulatory Inspections & Enforcement Preparation

ABM prepares clients for regulatory inspections with readiness reviews and mock audits based on MAS expectations. We assist with response strategies, submissions, and corrective actions to minimise enforcement risks.

Training & Capacity Building

We provide tailored training programs covering AML/CFT, sanctions compliance, market conduct, breach reporting, and ethics. Executive briefings ensure leadership teams are well-informed and ready to meet governance and compliance obligations.