Compliance Update: Changes in Global Watchlists
Recent Developments in International Watchlists With the conclusion of the Financial Action Task Force’s (FATF) fifth Plenary on 23 February 2024, we have important updates to share regarding changes to the FATF’s international watchlists: Updates to the “Grey List”: New Additions: Kenya and Namibia have…
Regulatory Update: FinCEN Looks To Expand Anti-Money Laundering Rules to Investment Advisers
What’s Happening? On 13 February 2024, the Financial Crimes Enforcement Network (FinCEN) put forward a proposal to expand the anti-money laundering and counter-terrorist financing (AML/CFT) rules under the US Bank Secrecy Act (BSA) to US investment advisers. This change aims to bring investment advisers, including…
Regulatory Update: MAS Responds to its Repeal of the RFMC Regime
Key Details on the RFMC Regulation Changes The Monetary Authority of Singapore (MAS) has released important responses regarding the repeal of the Registered Fund Management Companies (RFMC) regulatory framework. For detailed information on MAS’s responses, please access the full document here. Transition Timeline and What…
Dates to Watch
Staying on top of compliance reporting deadlines is crucial for financial institutions and investment managers. The following are important dates to watch for: FATCA Reporting Dates Australia: 31 July 2024 Singapore: 31 May 2024 British Virgin Islands: 31 May 2024 Cayman Islands: 31 July 2024…
The Ascent Group Announces Strategic Partnership with Elliptic for Enhanced Crypto Compliance in Singapore
The Ascent Group is proud to announce our strategic partnership with Elliptic, the global leader in cryptoasset risk management solutions. This strategic collaboration is set to enhance our capabilities in crypto compliance significantly, particularly in developing a robust anti-money laundering framework, addressing the growing demands…
The Ascent Group and Cloudwall Establish a Strategic Alliance to Redefine Digital Asset Risk Management
The Ascent Group, an award-winning global fund administrator, is thrilled to announce a strategic partnership with Cloudwall, a distinguished digital asset portfolio management software provider based in US and Singapore. This collaboration seeks to enhance digital asset risk management, paving the way for superior portfolio…
The Ascent Group Welcomes Zayd Soopun as Head of Business
The Ascent Group is pleased to welcome Zayd Soopun to our valued team as the Head of Business. With a stellar career trajectory that spans over 17 years in the Mauritius global business sector, Zayd transitions from his role as Director and Head of Business…
Celebrating Excellence: The Ascent Group Wins at HFM Asian Services Award 2023
The vibrant energy at the Renaissance Harbour View, Hong Kong, during the HFM Asian Services Awards 2023, was electrifying, and being distinguished as the “Best Administrator – Under $30bn Single Manager” brought forth a moment of collective pride for all of us at The Ascent…
Mauritius Expansion: The Ascent Group Gains Regulatory Approval from the FSC (Mauritius)
We’re thrilled to announce that we’ve received official approval from the Financial Services Commission (FSC) in Mauritius. This is a major milestone for us as we establish ourselves as a licensed financial services provider in the dynamic market of Mauritius. The Register of Licensees, published…
Success at the WealthbriefingAsia Awards 2023
Recognized for Excellence in Fund Administration, Innovative Solutions, and Compliance Solutions We are delighted to announce that The Ascent Group has emerged as a winner in two prestigious categories at The WealthbriefingAsia Awards 2023. Our company has been honoured with the following awards: ‘Best Fund…
