Minister for Culture, Community and Youth and Second Minister for Law Edwin Tong announced the initiative at Charity Governance Conference 2024 on Oct 2.
The Institute of Singapore Chartered Accountants (ISCA) will partner the Office of the Commissioner of Charities (COC) to offer subsidised services for charities in Singapore to help enhance their anti-money laundering (AML) and countering the financing of terrorism (CFT) capabilities.
This initiative will be led by a Charities AML/CFT Services Panel set up by ISCA, comprising accounting firms Forbis Accounting, InCorp Global and Unity Assurance.
