Key Points
Specified CSP failures involving nominee-director checks or customer due diligence can attract fines up to S$100,000 on conviction. Following a show-cause process, ACRA may suspend or cancel registration, restrict filing access or impose other measures. The published financial-penalty limits differ: up to S$25,000 per CSP breach and S$10,000 per RQI breach within the specified framework. RQIs also have supervision and correction duties.
Official Source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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