Parliament of Singapore

The Parliament of Singapore plays a vital role in governance and legislation. It consists of Members of Parliament (MPs) elected to represent the people. As a key authority, it publishes lists of politically exposed persons (PEPs) involved in government and public affairs.

1 List

List Name	Records
Members of the Cabinet of Singapore The Cabinet of Singapore is a group of key leaders in the government. They help make important decisions about the country and its policies. Each member has a specific role, such as finance or health. Because they hold high office, they are considered politically exposed persons (PEPs). This means that their actions and finances are closely monitored to prevent corruption and promote transparency.	27

List Name

Records

Members of the Cabinet of Singapore

The Cabinet of Singapore is a group of key leaders in the government. They help make important decisions about the country and its policies. Each member has a specific role, such as finance or health. Because they hold high office, they are considered politically exposed persons (PEPs). This means that their actions and finances are closely monitored to prevent corruption and promote transparency.

FAQs

Why is it necessary to identify PEPs published by Parliament of Singapore?

Identifying politically exposed persons (PEPs) within the Parliamentary Category of Singapore is essential for maintaining the integrity of democratic institutions and promoting accountability in governance. PEPs, due to their positions of power, may pose a higher risk for involvement in corruption or money laundering activities. Recognizing these individuals enables regulators, financial institutions, and the public to conduct enhanced due diligence, ensuring transparency in political processes. By monitoring PEPs, we can safeguard against potential abuse of power and foster trust in governmental systems.

Which companies should identify and flag PEPs in Parliament of Singapore?

Companies in the financial services, real estate, and legal sectors should identify and flag politically exposed persons (PEPs) published by the Parliament of Singapore. This is crucial to mitigate risks of money laundering, corruption, and reputational damage. By ensuring compliance with regulatory standards, these industries can protect themselves from potential legal issues and maintain trust with stakeholders.

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