What is aml audits in Singapore?
AML audits is one of 6 parts of our “Compliance & AML” practice. It covers the full cycle from initial scoping to operational launch, run by a single named partner from our Singapore desk.
What it is in Singapore: independent reviews and remediation. For foreign shareholders without a local director, a nominee director is generally required. PSA licensing for fintech operators is a separate track, with its own nuances.
How we handle aml audits
The “AML audits” project in Singapore is structured as a 4-stage process run by a single named partner.
Regulatory program drafting, MLRO services, and examination preparation across FINTRAC, FCA, MAS, FIU, and CBUAE frameworks.
The same desk that runs aml audits handles your banking, bookkeeping, compliance and — where needed — your wind-down.INNOVA · Operating model
Why Singapore
Singapore is the operating hub of the Asia-Pacific region, with territorial taxation, a strong regulator (MAS), and the rule of law. Our priority for structures focused on Southeast Asia and for fintech licensing under the PSA.
A reliable regulatory environment
Banking ecosystem
Corporate tax 17% (effectively lower with reliefs)
INNOVA desk on the ground
Why INNOVA
Operational differences that hold up on the 2nd, 5th and 10th project — not just at first impression.
One partner — the whole cycle
Registration, banking, tax, compliance, immigration — run by one team from start to finish.
14 years of practice
Working since 2012 through several regulatory cycles — including FATCA/CRS, the tightening of banking, and the introduction of UAE CT.
Regulator-grade documentation
Every output document is ready for audit and investor scrutiny — whatever the size of the deal.
Multi-jurisdiction within the group
Cross-border work is handled inside the group — no chain of external subcontractors.
How the work is structured
A 4-stage process led by a single named partner — from the intro call to the operational hand-over.
Risk assessment
Risk assessment across products, clients and geography
Program development
Manuals, training and control mechanisms
Regulator submission
Submission of the documentation to the regulator
Monitoring
Reviews, audits and keeping the program current
What we need from you · what you get from us
What we need from you to begin, and what you receive on completion.
- Activity / sector descriptionstructured
- Customer-base profiledocumented
- Geographic exposuremapped
- Existing controls (if any)stated
- AML/CFT risk assessmentregulator-ready
- Compliance manual + proceduresoperational
- MLRO appointednamed officer
- Training programme (annual)delivered
- Customer DD templatesready to use
- Sanctions/PEP screening liveautomated
Four ways to work together
We don't quote a fixed price without understanding your situation — cost depends on the complexity of your case. Start with a free call, then we pick the right format.
Intro call
A 30-minute online consultation. We discuss your situation, define the project scope, and propose a structure and timeline. Free.
Written analysis
A written consultation with a full review of the business — tax positioning, structure options, jurisdiction comparison, banking path. Turnaround: 5 business days.
Operating roadmap
For complex situations — multi-jurisdiction structures, regulated activity, founder relocation. A full plan with stages, dependencies, deliverables and timing.
Direct execution
You know what you need — we execute. No advisory mark-up and no discovery phase.
Fill in the questionnaire
Complete the online questionnaire: it creates your account on the portal, where your structure, renewal reminders and documents will live.
Fill in the questionnaire
4 steps · creates an INNOVA portal account · 24h review.
Once you submit the questionnaire we create a portal account. Inside: your live structure, a renewals calendar (annual returns, register updates, tax filings), a document vault (certificates, share register, bank letters), a partner chat and project status. A single place for your entire operational life.
From a client
A review from a client who went through a comparable project. Verified, the engagement is ongoing.
Frequently asked questions
The questions we're asked most often. If yours isn't here, an intro call is the fastest way to get an answer.
Most “AML audits” projects in Singapore run from 2 to 8 weeks start to finish. The fastest stage is document filing; the longest is post-registration onboarding (banking, tax registration). A single named partner runs the project throughout.
AML audits in other countries
The same service is available across our network.
