This session is currently full. Click here to register for virtual session on 16 July 2026.

This course provides a practical update on the Corporate Service Providers Act (CSP) following the conclusion of the transition period on 9 December 2025. The session highlights key regulatory changes, supervisory expectations, and compliance considerations relevant to corporate service providers and practitioners. Emphasis is placed on regulatory clarifications, customer due diligence obligations, suspicious transaction reporting duties, and selected operational risk areas arising from the revised legislative framework.

At the end of this course, you will be able to:

1. Understand the regulatory intent and implementation context of the Corporate Service Providers Act;
2. Identify activities and business arrangements affected by CSP registration requirements;
3. Recognise key compliance obligations relating to customer due diligence and beneficial ownership;
4. Appreciate suspicious transaction reporting duties and regulatory timelines; and
5. Recognise fit-and-proper, screening, and selected operational compliance considerations.

Programme Outline

Legislative Background and Regulatory Context

• Policy objectives and regulatory intent of the CSP Act
• Implementation timeline and transition considerations
• Implications for corporate service providers

Registration Requirements and Scope of Activities

• Activities triggering CSP registration
• Designated activities relating to accounting services
• Address-related services and regulatory distinctions
• Common interpretational issues

Customer Due Diligence (CDD) Obligations

• Circumstances requiring CDD
• Identification and beneficial ownership considerations
• Documentation and monitoring expectations
• Good practices and common weaknesses
• Reliance on third parties

Suspicious Transaction Reporting (STR) Duties

• Reporting triggers and regulatory expectations
• Timelines and documentation considerations
• Practical reporting reminders

Non-Face-to-Face and Remote Transactions

• Heightened risk scenarios
• Live video call requirements
• Incorporation and director appointment safeguards
• Frequent compliance gaps

Fit and Proper Considerations

• Regulatory intent and assessment considerations
• Practical implications for CSP operations

Emerging Compliance Focus Areas

• Customer screening and sanctions monitoring
• Statutory records maintenance expectations
• Wealth management sector considerations
• Operational compliance risks

Training Methodology*

Lecture style with case studies
 

Intended For

• Corporate service providers and corporate secretarial practitioners

• Accountants and professionals providing corporate-related services

• Directors and individuals involved in entity management

• Compliance and risk management professionals

Competency Mapping

Category 2 = 2.00 Hours
Others = 1.50 Hours

Programme Facilitator(s)