Our Offerings
Cryptocurrency Licensing
Cryptocurrency or Digital Payment Token (DPT) service providers that deal in and facilitate the exchange of DPT’s are required to be licensed under the MAS Payment Services Act, 2019 and are subject to MAS regulations in Singapore. If you are looking to expand your cryptocurrency services in Singapore, NIMBL can assist you with your Licensing Application.
Payment Licensing
The provision of E-money, Merchant Acquisition, Cross Border and Domestic Money transfer services are licensable activities in Singapore. Service Providers are required to obtain and maintain in force a license under the Payment Services Act which would entitle them to carry on a business of providing such payment service(s).If you are looking to expand or offer your Payments services in Singapore , NIMBL can assist you with your Licensing Application.
Insurance Broker Licensing
Insurance Brokers in Singapore are regulated by the Monetary Authority of Singapore under the Insurance Act and in respect of life business , the Financial Advisers Act. Insurance Intermediaries that wish to carry on insurance broking business in Singapore are required to be licensed by the Monetary Authority of Singapore .If you are looking to expand or offer your Insurance Broking services in Singapore. NIMBL can assist you with your Licensing Application.
Policies And Procedures
Effective internal controls are fundamental to the safe and sound management of institutions. Internal controls are the policies, procedures and processes that ensure compliance with regulatory requirements and provide assurance on the effectiveness and efficiency of the institution’s operations. NIMBL can assist you with developing your Compliance Program, AML/CFT Policy and KYC Procedures , Outsourcing Policy and Technology Risk Management Policy.
Enterprise Wide Risk Assessment
Enterprise Wide Money Laundering Risk Assessment is a process of assessing and institutions risk of , and vulnerabilities to being used by money launderers and terrorist financiers. Apart from being a regulatory obligation, the instrument serves as a key guide to the institution’s AML program. Conducting an AML risk assessment is not a single task. It implies defining an AML risk rating methodology and the creation of an AML risk assessment model in line with your business. NIMBL can assist you with developing a tailored EWRA unique to your business risks.
Customised Compliance Solutions
The global regulatory landscape is rapidly evolving and continues to become complicated. Compliance with regulations can become complex and expensive. NIMBL with significant industry experience as inhouse compliance officers can partner your business in simplifying the compliance complexities leading to more efficient and profitable outcomes. NIMBL can assist you with AML/CFT screenings, and performing assurance reviews .