Our clients in Singapore from around the world
We have worked and are working with firms expanding into Singapore from overseas headquarters in Asia, Middle East, Europe & the Americas. Each customer’s sector focus, business model, size, types of clients served, team set up is very different and every customer has unique needs. We are attuned to cultural sensitivities and the need to adapt our advice to better communicate and assist firms headquartered in different countries to help them navigate a new environment in Singapore. We have fluent language capabilities in Japanese, French, Mandarin and various Chinese dialects and enjoy dealing with a truly cosmopolitan and global customer base.
Our services
We are a pure-play consultancy that assists you on all matters relating to complying with the regulations of Singapore’s integrated financial services regulator, the Monetary Authority of Singapore (MAS). Our services start from working with you to get the right licence to operate in Singapore if you need one, providing you with compliance and other manuals so you know the MAS rules to operate to in advance, guiding you with ad hoc advice as you operate your business, providing training, internal audits to check your compliance systems are working as they should, all the way until one day your business decides to cease regulated activity in Singapore. We have worked with firms all through their life cycle and are familiar with how to tailor our processes to suit firms in different phases of their growth.
Types of MAS licences we assist with
- Capital markets services licence – for brokers, asset & wealth managers (including hedge, private equity, venture capital), crowdfunding platforms, corporate finance advisors
- Payments services licence – for remittance, e-money, e-wallet, cryptocurrency exchanges and brokers
- Financial advisers licence
- Trust companies licence
- Insurance brokers licence
Frequently Asked Questions
We do not. We are a pure-play firm specializing in MAS regulatory compliance. There are a wide array of firms in Singapore providing specialist services in other areas. Our customers are happy to have a multi-disciplinary team of different specialist advisors to turn to who can best attend to their needs in each area. Should you wish us to suggest some firms specializing in other services than MAS licensing & compliance, we can provide a list of firms for you to contact to find out their services and pricing, and you may decide which firm to engage. You can then enter a separate relationship with them. We do not take referral fees as we believe firmly that this best serves our customers’ interest and helps them link up with firms they choose to work with.
Compliance is not rocket science. If you are familiar with your home country’s financial services regulations, e.g. reporting, capital adequacy, anti-money laundering controls, conflict of interest, fit & proper checks for staff, personal account dealing, market conduct, you should be in good stead to understand and adapt to an MAS programme. Please contact us for a more detailed briefing. We work with firms of all sizes and stages and assist you based on your needs at every stage of your development.
Absolutely. Helping entrepreneurs and firms develop their business and enabling your envisioned plan is a big part of our job satisfaction. Let’s schedule a videoconference, call or meeting to have a high-level conversation about how MAS licensing and compliance works, and how we may be able to assist you in firming up your plans.
We have a team and we are constantly looking out for good consultants to join us, to keep pace with our customer needs. Fortunately our clients’ needs tend to be spread out across the year and we find ourselves comfortably able to schedule our deadlines and workloads so each customer gets attention when they need us.
Please contact us on the web query section and we will be happy to get back to you.
In 2023, Integrity Consulting achieved notable success with three successful FMC (Fund Management Company) license applications, showcasing our proficiency in navigating the intricate regulatory landscape. Furthermore, our commitment to excellence was exemplified by our swift and effective assistance in securing a venture capital fund manager license for a valued client within a mere four months. This accomplishment is particularly noteworthy given the challenging licensing environment prevalent in 2023. These achievements underscore our dedication to facilitating the regulatory compliance journey for our clients, demonstrating not only our expertise but also our ability to navigate complexities efficiently and deliver results even in challenging circumstances.
We are proud to have helped many clients obtain their MAS licences quickly and with the most explanation along the way as to how the process works and the concerns of the MAS. This is so even in recent times when the MAS has become increasingly stringent. We stress that while our skill and understanding of the MAS requirements played an important part, the key determinant of the success of the applicant is how the customer is able to satisfy the MAS’ requirements. While we are skilled, the honest truth is that if a firm does not meet MAS’ requirements, we cannot bring the customer across the finish line. What we can do is to work closely with you to help you demonstrate how your intended business and set up does meet MAS requirements.
Please check the customer testimonials section of our website.
At Integrity Consulting, we inform our clients that we provide monthly advisory services to of any changes to MAS regulations that affect their licence / business model type. As specialists, we remain well-informed about new requirements and emerging regulations so we share with our clients the latest regulatory insights. We are dedicated to delivering compliance solutions that are not just effective today but resilient and future-ready. We also provide bespoke training programs designed not only to educate clients on the intricacies of existing MAS regulations but also to keep them abreast of any regulatory changes, compliance best practices, and updates directly from MAS. Our training programs go beyond mere adherence, fostering a deep understanding of the regulatory landscape and empowering teams to navigate it with confidence. By investing in continuous education, we equip our clients with the knowledge and skills necessary to not only meet current compliance requirements but also to adapt proactively to future regulatory developments. We also assist with specific projects like regulatory inspections, remediations and secondments.exigences de conformité actuelles, mais aussi pour s’adapter de manière proactive aux évolutions réglementaires futures. Nous participons également à des projets spécifiques tels que des inspections réglementaires, des mesures correctives et des détachements.
We are straightforward and aim to be clear and objective in helping our customers understand the MAS’ expectations and requirements. We do not create the rules, we identify what applies to you and where it is written, guiding you on determining how best your firm adheres to the requirement, according to your business nature, complexity, size and stage of development. We believe our customers want to comply but just need some help in understanding how best to do so. At the same time, we understand that the focus of a firm is on its business, and good compliance is one that appropriately supports the business. To us, your soundness and safety is our primary goal, not the fees that we make.
Our target customers are the firms that have chosen to work with us. We thank you for your trust and we strive daily to support you once we have established a relationship. We do not choose our customers. No two customers are the same and the way that each firm demonstrates compliance with the MAS rules will not be cookie cutter, so every customer to us needs to be looked at with a fresh lens and mind, but with the same dedication.