Events Calendar

Previous month Previous day Next day Next month
By Year By Month By Week Today Search Jump to month
CRS, AML-KYC Duties from a Singapore Perspective
Thursday 29 June 2017, 03:30 - 16:45

About this Seminar

Under the OECD’s Common Reporting Standard, the due diligence process in respect of new accounts shall involve the Reporting Financial Institution obtaining a self-certification so as to permit it to ascertain the Account Holder’s tax residency. This process is likely to leverage existing AML / KYC information that is obtained during client-onboarding for its customers in order to confirm the reasonableness of such self-certification. This session will seek to examine several key issues relating to the interaction between CRS and AML / KYC specifically in relation to the “Self-Certification” process, including:

  • When new information relative to AML / KYC constitutes a “change in circumstances” that may lead to a review or invalidation of the Self Certification process;
  • If self-certification is false or misleading or if self-certification is absent, what should a RFI do?
  • Where there are gaps in existing AML / KYC data, how would an RFI approach a customer to address such gaps?
  • In what circumstances should an RFI file a Suspicious Transactions Report?

This session will also bring you up to speed on where Singapore currently is in relation to the implementation of CRS, against the backdrop of an increasingly tax transparent world.

Seminar Programme

3.00 -3.30pm

Registrations & Refreshments

3.30 -3.40pm

Opening Remarks by Chairperson

  • Ms Linda Wong – Managing Director, Kensington Trust Singapore Limited

3:40-4:30pm

CRS, AML-KYC Duties from a Singapore perspective

  • Ms. Kim Kit, Ow - Partner, Banking & Finance, Corporate RHTLaw Taylor Wessing LLP

4:30 – 4:45pm

Q&A Session & Closing Remarks

5.00pm STEP Annual General Meeting (AGM) 2017
 The talk will be followed by the STEP AGM. STEP members in the audience are invited to stay for the AGM.

  

About the Speakers:

Ms. Kim Kit, Ow - Partner, Banking & Finance, Corporate RHTLaw Taylor Wessing LLP

Kim Kit, Ow is a partner with RHTLaw Taylor Wessing and is also the Deputy Head of its Banking and Finance Practice Group. She specialises in corporate and banking law and acts for many major clients including banks, conglomerates and international organisations. She started her career in a leading law firm and has many years of experience as an in-house counsel in both public and private institutions. Kim Kit was at the Monetary Authority of Singapore (“MAS”) for several years and during her time at there, she worked as Senior Legal Counsel as well as led a team responsible for the development of the wealth management, intermediaries and trust industry in Singapore. Kim Kit was also an in-house counsel at Scotiabank and Credit Suisse where she advised on the legal aspects of product development, transactions and documentation, both from an Investment Banking angle and also from a Private Banking angle. Kim Kit was appointed as the Asian regional director for the International Chamber of Commerce (“ICC”) International Court of Arbitration and ICC Dispute Resolution Services in December 2009 and was then appointed the Managing Director of the ICC Academy and was responsible for the setting up of its operations and e-Learning platform. Kim Kit holds an LLB (Hons) degree from the National University of Singapore and was called to the Singapore Bar.

About the Chairperson:

Ms Linda Wong – Managing Director, Kensington Trust Singapore Limited

Linda Wong is one of the founder members of the Kensington Trust Group, of which Kensington Corporate Management (S) Pte Ltd is a member of. She is the Managing Director for Kensington Singapore. Linda has more than 15 years of experience in the trust and fiduciary industry. Prior to her career in the trust and fiduciary industry, Linda was trained as an Auditor with one of the top 4 audit firm. Thereafter, she took up the position as an accountant in the hospitality line, which eventually led her to this industry. She is a member of CPA Australia, a Chartered Accountant with the Malaysian Institute of Accountants, a Certified Financial Planner with the Financial Planning Association of Malaysia and a member of the Society of Trust and Estate Practitioners, Singapore Branch. Linda is also an approved Trust Officer for Labuan. Linda graduated with a Bachelor of Economics, majoring in Accounting degree from Monash University, Australia.


Registration  Fees

Membership Type

Fees

Members of STEP 

FREE

Chartered Institute for Securities and Investment (CISI) Singapore, CFA Singapore, CPA Australia, CPA Singapore/ISCA, 

International Fiscal Association (IFA), Law Society of Singapore, Singapore Corporate Counsel Association (SCCA),

Singapore Trustees Association (STA), Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA) 

S$80

Others

S$100

 Download brochure HERE.

For details on STEP's CPD Policy (introduced in  2014), see HERE.

Location :1 Marina Boulevard, NTUC Centre, Level 9, Room 903, S 018989
Contact :Email: This email address is being protected from spambots. You need JavaScript enabled to view it.; Tel: +65-31287781 (no 6 prefix required)
Registrations are now closed

Events Calendar

July 2017
S M T W T F S
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5
August 2017
S M T W T F S
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
September 2017
S M T W T F S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Go to top