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Corporate Compliance Programs Best Practices in Singapore: A Guide for Listed Companies
In the increasingly complex and regulated financial landscape of Singapore, listed companies are under growing pressure to maintain robust corporate compliance programs that prevent misconduct and protect their interests. With the Monetary Authority of Singapore (MAS) tightening regulations on market abuse, insider trading, and anti-money laundering, it has never been more crucial for companies to stay ahead of the curve.
Trade Surveillance: A Key Component of Compliance
One critical aspect of effective corporate compliance is trade surveillance, which involves monitoring trades for suspicious activity. Our advanced platform automates this process, detecting illegal and unethical trading practices such as:
- Market manipulation
- Fraud
- Money laundering
- Insider trading
- Spoofing
With customizable alerts and workflows, companies can quickly identify potential issues and take prompt action to mitigate risks.
Personal Account Dealing: Simplifying Pre-Clearance and Disclosure
Another essential aspect of compliance is monitoring personal account dealing by employees. Our platform streamlines pre-clearance and disclosure processes, leveraging advanced monitoring and alert processes to capture all employee trading and holding data. This ensures that companies can rapidly produce complete pre-clearance and order attempt audit histories to satisfy regulatory examinations.
eCommunications Surveillance: Preventing Regulatory Risks
In today’s digital age, communication channels pose significant regulatory risks for listed companies. Our Fairwords solution detects, measures, and prevents employees from sending potentially harmful or unlawful messages across various channels. By automatically prompting employees to modify their language as they type words and phrases that trigger compliance policy exceptions, companies can minimize the risk of reputational damage.
Digital Assets: Navigating the Evolving Regulatory Landscape
As regulators shift their focus from anti-money laundering and counter-terrorism safeguards to investor protection, listed companies must adapt their compliance programs accordingly. Our platform enables companies to easily track digital assets with dedicated pre-clearance and crypto monitoring workflows, create restriction and exemption lists, and quickly evaluate employee conflicts of interest.
Conflicts of Interest: Proactive Management
Finally, identifying potential conflicts of interest is crucial for maintaining a robust compliance program. Our fully integrated platform uses a global company and security master dataset to proactively manage conflicts across:
- Transactions (deals, research, and trades)
- Employees
- Close personal relationships
- Material non-public information (MNPI)
- Third parties
By implementing these best practices in corporate compliance programs, listed companies in Singapore can effectively prevent misconduct, protect their interests, and maintain a strong reputation in the financial markets.