Regulatory Alerts2005-12-22
Added
Guidelines on Standards of Conduct for Licensed Trust Companies [TCA-G03]
The Monetary Authority of Singapore issued these guidelines to establish expected standards of conduct for licensed trust companies under the Trust Companies Act 2005. The document mandates that firms maintain integrity, competence, and due diligence while implementing robust internal controls for employee supervision, complaints handling, and client acceptance. Additionally, licensed trust companies are required to ensure compliance with all applicable laws and regulations, including anti-money laundering measures.
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