Ingenique Solutions’ SentroWeb-Acuris is a consolidated database of persons and entities known to be involved in global terrorist activities, fugitives wanted by international law enforcement agencies, and politically exposed persons (PEPs).	
MoneyConnect, our flagship product, is an advanced mobile Point of Sale and retail business management solution for money changers. MoneyConnect is a new concept currency trading platform that contains a host of features that simplify the way you quote and do trades.	
Founded in Jan 2014, Ingenique Solutions delivers innovative and useful products and services to help small business owners, and large enterprise meet their business goals. With Ingenique as a platform, we hope to offer outstanding solutions using information technologies as an enabler to help businesses run faster, leaner and better.
Since our formation, we have worked with money changers, fund managers, auditors and accountants to help them meet the regulatory requirements in Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT).
For money changers, we designed the most user friendly point-of-sales system that not only help them manage their money change business, it ensures that they meet the MAS 3001 AML/CFT requirements at an affordable cost.
With fund managers, auditors and accountants, we provided them with a cost effective AML/CFT customer screening search engine to help them meet the requirements of MAS SFA04-N02 (for fund managers) and ISCA EP 200 Guidelines in AML/CFT (for certified public accountants).
That is not all that we do. With our past experiences in large scale projects in the manufacturing, defence and banking industry, we are capable in delivering complex IT projects from design, build to operate stages. Feel free to talk to us.
SentroWeb has provided a cost-effective alternative to our AML screening needs. From having to perform searches on several lists, we now do so with a click, effectively cutting the process to just seconds! And the friendly people at Ingenique provides invaluable advice and support too!
Dow Jones partnership with Ingenique has been excellent. They are always finding new ways to leverage on Dow Jones data to bring innovative solutions in the risk and compliance space. Great job guys!
Ingenique support is excellent. We can reach them any time, and they even help us when we have queries on AML regulations. We will definitely recommend Ingenique to our friends.
A huge thanks to SentroWeb for making us compliant! The team in Ingenique Solutions is helpful and prompt in their replies and actions.
We wish to express our sincere gratitude for your time in leading us through SentroWeb-DJ. A big thank you from our team.
We’re staunch Ingenique supporters, love what you do and we never stop talking about it to clients and peers. We appreciate the conveniences we enjoy past years. Ingenique is one of those reliable services you know you may count on, thanks to the team ever full of initiative and passion driving it.
Partnership Announcement Ingenique Solutions has inked a long-term partnership agreement with Acuris Risk Intelligence (ARI), a leading provider of Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) information. ARI data, which covers PEPs, sanctions, and adverse media, is now available on Ingenique Solutions’ SentroWeb-Acuris AML/CFT platform. SentroWeb-Acuris is used by professional firms (public accountants, trust and company services providers, lawyers), real estate agencies and many small and medium size companies in Singapore, Malaysia and Hong[…]
Training Seminar 2018 We held our third Anti-Money Laundering (AML) training seminar on 9 Mar 2018, and we invited more than 100 participants to “lim kopi” with CPIB (Corrupt Practices Investigation Bureau)! Yes, this year we are happy to have Mr Cheot Zhi Chen, Senior Investigator of CPIB, to share with us his experiences in his line of duty when investigating corrupt practices in Singapore. In addition, we invited Mr Alfred Chia, a veteran in the[…]
Today’s Manager Issue 1, 2018 Ingenique Solutions’ article on Today’s Manager (a quarterly senior management publication by the Singapore Institute of Management, SIM). Read about it here. Article brief: Money Laundering (ML) and Terrorism Financing (TF) Risks Our response as a nation Preventing ML/TF
In Nov 2017, a veteran Managing Director lawyer with 15 years of experience in conveyancing work, and a Senior Marketing Director of an international real estate agent were both charged in the Singapore Courts for failing to report to the authorities a suspicious property deal in the Sentosa Cove district. The charges were under the serious criminal Section 39(1) of The Corruption, Drug Trafficking and other Serious Crimes (Confiscation of Benefits) Act, commonly known as[…]
Martin (left) with 938Live host Keith De Souza. Ingenique Solutions’ founder Martin Lim was on on 938Live “Breakfast Club” where he shared his views on Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) awareness among professional firms and small businesses in Singapore. If you have missed out on the interview, here’s a replay! http://www.ingenique.net/wp-content/uploads/2017/11/938Live_Ingenique.mp3 Contents of the interview: What is the state of AML/CFT landscape among businesses in Singapore? How do small businesses fit into the overall[…]
Veteran lawyer suspended for breaching Law Profession Act AML/CFT Rules – How to conduct customer due diligence?
A veteran lawyer of 18 years’ standing was suspended in late-Sep 2017, from practice for two years and fined $100,000 for professional misconduct in a case relating to anti-money laundering (AML). In what had started out “innocuously” as an incident of breaching professional conduct rules, the case was eventually escalated into that of aiding money laundering activities, and finally deemed serious enough to be referred to the Court to mete out punishment. In sentencing, Chief[…]
We held our second Anti-Money Laundering (AML) training seminar on 17 Feb 2017. It was well received with more than 90 participants. This year, instead of general knowledge or concepts in AML/CFT, we focus on giving the participants the tools to develop and implement good AML/CFT Internal Policies, Procedures and Controls (IPPC). We also covered the latest developments in the area of beneficial ownership, and shared with the audience some open source tools for[…]
Beneficial owners have in the recent past come under the lime light due to release of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ). The Panama Papers are approximately 11.5 million of leaked documents from a Panama based Corporate Services Provider (CSP) Mossack Fonseca, detailing how some of the wealthy and powerful individuals and politicians are using webs of offshore companies for illegal purposes, such as fraud, tax evasions, or to avoid[…]
<updated to the latest ACRA RFA Guidelines dated 30 Sep 2017> Since the implementation of the ACRA (Amendment) Act in 2014, ACRA has engaged audit firms to conduct independent Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) reviews for Registered Filing Agents (RFAs) or Corporate Service Providers (CSPs). Under the new AML/CFT framework, it is a requirement for CSPs to develop and implement Internal Policies, Procedures and Controls (IPPC) to comply with Financial Action Task[…]
In recent months, there have been an increase in phone scammers in Singapore <Read about phone scams here>. Such scammers would impersonate themselves as employees of DHL, DBS or Chinese authorities and claim that the victim has an illegal parcel held by the Chinese customs, and they would require the victim to transfer huge sums of money to get out of trouble. In the last three months, there were more than 50 reported cases, and[…]