Huan Johnson Koh’s Post

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Founder of kimbocorp.com

The industry is facing regulatory clampdowns and heavier liabilities for CSP (corporate service providers). We have also been asked to provide our comments to new bills coming out very soon that is all catered to reducing AML risk. At @kimbocorp and @InProved, both companies do still operate actively in the space of creating and managing entities and will always adapt, and even lead, the activation of new rules. We continue to commit to safeguard the sector against such risks and look forward to working with partners and customers who do view governance and compliance (doing the right thing) as a critical must-have. #familyoffice #virtualbusiness #holdco

Singapore to Clamp Down on Corporate-Service Providers After Money Laundering Scandal

Singapore to Clamp Down on Corporate-Service Providers After Money Laundering Scandal

bloomberg.com

Huan Johnson Koh

Founder of kimbocorp.com

7mo

We believe the solution is to abolish the recognition of “nominee director” altogether. A rule that could likely be unpopular even with ACRA themselves. Within our organization, we simply don’t recognise it. We do not advocate blinding signing consent to act but to understand what the business is and want to contribute to its success, even if it’s in a more overarching strategic role.

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