Since the regulatory framework for CSPs was enhanced in 2015, there were some RFAs that were found to have committed significant breaches of AML/CFT regulations.

As a deterrence and to uphold market transparency, ACRA will be publishing the names of RFAs that have their registrations suspended or cancelled due to severe breaches of AML/CFT regulations.

This will apply to RFAs that have been subjected to ACRA's inspections from 1 June 2018.

These measures are vital to upholding the standards of the industry and ensuring that RFAs discharge their professional duties responsibly.

The information will appear in the Filing Agent/Qualified Individual (FA/QI) Enquiry search results on BizFile+ portal and the ACRA website.

Click here for more frequently asked questions.

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