Programme Objective

All companies, foreign companies and limited liability partnerships incorporated in Singapore are required to have and maintain a register of registrable controllers (RORC) unless exempted. In addition to the above, entities must also lodge the same information in their RORC with the Accounting and Corporate Regulatory Authority’s (ACRA) central register.

One of the main objectives of the ACRA central RORC is to enhance the transparency of ownership and control of corporate entities. As business structures become more complicated and ownership structures become complex, the task of identifying the “Controller” may no longer be as straightforward.

Information in the ACRA central RORC can be used by law enforcement agencies to assist in their investigation of money laundering offences. It is therefore essential that the information in the RORC is accurate and current.

Registered filing agents (RFAs) are required to comply with the anti-money laundering and counter terrorism financing requirements set out in the ACRA (Filing Agents and Qualified Individuals) Regulations 2015. The Anti-money Laundering/ Counter Financing of Terrorism (AML/ CFT) Guidelines for RFAs provide guidance in this regard.

Join us for this session as we cover the regulatory requirements pertaining to RORC and the AML/ CFT requirements.
 

Programme Outline

• Register of registrable controllers (RORC)
  • Introduction to RORC
  • Identifying the “Controller”
  • Setting up RORC
  • Maintenance and updating of the register 
  • Sending out notices
  • Access to RORC
  • Exemptions from requirements
  • Penalties for non-compliance
     
• Anti-money Laundering/ Counter Financing of Terrorism Guidelines for Registered Filing Agents (RFAs)
  • Overview of the Guidelines
  • Obligations of RFAs
  • Risk assessment approach
  • Internal policies, procedures and controls
  • Due diligence measures
  • Compliance requirements 
  • Reporting suspicious transactions

Pre-requisites
Please take note of the following admission requirements:

• Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
• Mandatory for video camera to be turned on throughout the course
• Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology

Lecture style, with Exercises/Case Studies

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

• Accountants
• Company secretaries
• Corporate service providers (CSPs)
• Directors of companies and foreign companies
• Partners of limited liability partnerships - Registered filing agents (RFAs)

Programme Facilitator(s)