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 Parliament of Singapore The list of Members of the Parliament of Singapore considered politically exposed persons (PEPs) is crucial for effective risk management in Anti-Money Laundering (AML) efforts. As elected officials, these members play a significant role in shaping laws and policies in the country. Understanding the identities and backgrounds of these members is essential for identifying and mitigating potential financial risks related to money laundering.	134

List Name

Records

Members of the Parliament of Singapore

The list of Members of the Parliament of Singapore considered politically exposed persons (PEPs) is crucial for effective risk management in Anti-Money Laundering (AML) efforts. As elected officials, these members play a significant role in shaping laws and policies in the country. Understanding the identities and backgrounds of these members is essential for identifying and mitigating potential financial risks related to money laundering.

134

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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