by Willie Tan | Sep 3, 2024 | News
On 2 July 2024, the Anti-Money Laundering and Other Matters Bill (“Bill”) was introduced for its first reading in Parliament. The Bill aims to: Enhance the ability of law enforcement agencies (LEAs) to pursue and prosecute money laundering (ML) offences. Clarify and...
by Willie Tan | Sep 3, 2024 | News
Singapore is set to intensify oversight on nearly 3,000 corporate service providers to bolster anti-money laundering controls. A proposed draft law would impose fines of up to $100,000 per breach on firms and senior management that fail to meet anti-money laundering...
by Willie Tan | Aug 28, 2024 | Starting a Company
In the world of business, understanding the various roles and responsibilities within different company structures is crucial. One common area of confusion is the distinction between shareholders and members. Let’s delve into these concepts to clarify their...
by Willie Tan | Aug 27, 2024 | Running Your Company
Protecting Your Business from Cyber Threats: Lessons from the Biggest Data Breaches Over the past year, some of the largest data breaches in history have impacted millions of customers worldwide. For small businesses and advisors who handle sensitive personal and...
by Willie Tan | Aug 26, 2024 | Starting a Company
The Startup SG Founder (SSGF) programme is set to revolutionise the landscape for first-time entrepreneurs in Singapore. With its upcoming changes effective from April 1, 2024, this initiative promises to provide enhanced support and opportunities for innovative...
by Willie Tan | Aug 26, 2024 | News
In a recent case highlighting the importance of due diligence in corporate governance, Li Baozhu, the sole director of Corp Nergy Pte Ltd, has been fined $6,500 by the State Court for failing to exercise reasonable diligence in her duties under the Companies Act. This...
by Willie Tan | Aug 23, 2024 | Growing Your Company
In today’s rapidly evolving job market, adaptability is key. Singapore’s Career Conversion Programmes (CCPs) offer a powerful solution for mid-career individuals looking to pivot their professional paths. Let’s dive into how these programmes are...
by Willie Tan | Aug 23, 2024 | Running Your Company
In a significant move to protect the privacy of business owners, directors, and shareholders, the Accounting and Corporate Regulatory Authority (ACRA) of Singapore is set to implement a new Contact Address regime by the end of 2024. This change comes following the...
by Willie Tan | Aug 23, 2024 | Running Your Company
In today’s digital age, data is one of the company’s most valuable assets. Whether it’s customer information, financial records, intellectual property, or operational data, the integrity and confidentiality of this information are paramount to maintaining a...
by Willie Tan | Aug 22, 2024 | Tax
Dutiable documents for share transfers encompass both physical and electronic formats: Share Transfer Contracts and Instruments These documents, executed upon share acquisition, incur Stamp Duty based on the higher of the actual price or net asset value....
