Apex Group expands global compliance solutions to Singapore

Apex Group expands global compliance solutions to Singapore

Apex Group, a global financial services provider, has expanded its Global Compliance Solutions, which are designed for the Singapore market.

It will now provide clients with tech-enabled compliance and AML solutions to meet their operational and regulatory obligations across international financial hubs.

The global single-source solution provides efficiency, simplifies compliance and enables business opportunities from a regulatory licensing support through to ongoing compliance advisory for existing and future regulatory requirements.

Apex hopes the launch of Compliance Solutions in Singapore will help address clients’ risks and concerns around ESG, climate and environmental risk AML & compliance, and emerging technologies such as digital/crypto assets and AI.

Its solutions are focused on four key areas of compliance – ESG and sustainability, FinTech, digital and crypto assets, and global.

For ESG and sustainability, Apex provides tools that cover policies, compliance monitoring, ESG governance, systems and controls, integration of ESG, sustainability, environmental crime risk, climate related risk and compliance, supply chain due diligence, ESG data compliance and green KYC.

As for FinTech compliance, its platform boasts tech-enabled managed due diligence services, automated AML, KYC and FATF Environmental Crime AML and creation of Distributed Ledger Technologies (DLT) integrated solutions.

In terms of digital and crypto asset compliance, its platform supports the adoption of the technology. This includes due diligence of virtual asset service providers and crypto asset service providers. It also offers AML business risk assessments and blockchain-enabled ESG management to monitor sustainability commitments.

 Finally, for global compliance Apex supports AML needs, risk management, compliance monitoring programs and training including AML & CTF, ESG and environmental risk management, sustainability training and more.

Global Compliance: Supporting clients with day-to-day compliance including for Financial Services, ESG for Family Offices, Training programs to redevelop skills in tech-enabled financial services.

Apex Group global head of Compliance Solutions Hari Bhambra said, “Singapore has an established yet evolving regulatory landscape, with its regulator MAS taking a proactive forward-thinking role in setting out a clear direction of travel on issues such as ESG, climate and environmental risk and digital assets.

“Our responsive business model allows us to increase the depth of our offering and deploy our local market knowledge on a global scale. We are excited by the possibilities that these developments will create for the market, and with the launch of our Compliance Solutions offering, we look forward to helping our clients to navigate the opportunities for their businesses.”

Global Compliance Solutions Singapore will be led by Stefan Ho, who has over 20 years of financial services experience. Ho has worked with DBS bank, Standard Chartered, ABN AMRO, and ANZ Bank.

Earlier in the year, United Overseas Bank (UOB), a leading bank in Asia, launched its Green and Sustainable Deposits solution for corporate and institutional clients. This service is the first of its type in Singapore and was piloted with GIC.

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