Key requirements
The source links registration, due diligence and reporting duties to a compliance framework with desired outcomes. Internal policies and systems should support classification of new and pre-existing individual and entity accounts, collection of residence evidence and accurate reportable data. IRAS recommends periodic review using its self-assessment toolkit and applies risk-based reviews and audits. Responsibility should be assigned across onboarding, operations and reporting, with changes and exceptions documented. A technically accepted file does not by itself demonstrate that every account was correctly classified or that due diligence was complete.
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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