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Navigating a Complex Regulatory Landscape: Waystone Offers Comprehensive Compliance Solutions for Singapore Financial Institutions
As financial institutions in Singapore continue to navigate a rapidly changing regulatory environment, many are turning to specialized compliance software providers for expert guidance and support. In this challenging landscape, Waystone stands out as a leading provider of APAC compliance solutions, well-positioned to help organizations meet the complex demands of regulatory compliance.
Expertise in Navigating Complex Regulatory Landscape
Waystone’s APAC team boasts extensive knowledge and experience in navigating the intricate landscape of regulatory compliance in Singapore. From initial business set-up to ongoing support, training, audits, risk management, and governance, Waystone offers a streamlined approach that addresses all aspects of compliance-related needs.
Key Focus Areas
MAS Licensing and Registration
As Singapore is regulated by the Monetary Authority of Singapore (MAS), adhering to MAS’ compliance requirements is crucial for organizations to maintain their licenses, meet reporting obligations, and demonstrate commitment to upholding high standards of professionalism and ethical conduct. Waystone’s team can provide guidance, support, and strategic advice to help clients navigate MAS compliance requirements and mitigate potential risks.
Payment Services Act (PSA)
Waystone provides expert guidance on the PSA, which came into effect in 2020 and streamlines the payment services regulatory framework under a single piece of legislation. Our team helps organizations understand the implications of the PSA and ensures they meet all necessary compliance obligations.
Comprehensive Compliance Solutions
Waystone offers a range of comprehensive compliance solutions specifically tailored to the Singapore market, including:
- Licensing & Registration in Singapore: With a deep understanding of rules, guidelines, and processes related to obtaining licenses and registrations.
- Compliance Policy & Procedure Solutions: Develop comprehensive compliance policies and procedures to protect organizations from legal and regulatory constraints while reinforcing a culture of compliance and ongoing monitoring.
- Compliance Monitoring & Ongoing Support: Help clients objectively analyze whether they are meeting specified guidelines, industry requirements, and regulations to mitigate ongoing risk.
Why Choose Waystone?
With an experienced APAC compliance team, Waystone can help financial institutions in Singapore navigate the ever-changing regulatory landscape with confidence. By partnering with Waystone, organizations can ensure they meet all compliance obligations while minimizing potential risks and maximizing business efficiency.
Get in Touch
Contact Waystone’s APAC team directly at +65 6911 3690 or visit their website to learn more about how they can help your organization achieve regulatory compliance in Singapore.