MAS Revokes Capital Markets Licence for AML Breaches By Editors, Regulation Asia Published on 29th July 2020 Apical Asset Management lacked basic AML/CFT controls despite complex ownership structures used by some of its clients. Its two directors were reprimanded.To continue reading... Sign in Password * Remember me Lost your password? Get access Get access immediately by purchasing a 12 month subscription, or register today to get access to a free 5-article trial: Register Subscribe To discuss subscription options with our team please email: [email protected] Share via: More Related:AML, Apical Asset Management, Audits, CFT, EWRA, MAS, Money Laundering, Monitoring, ownership structures, PEPs, Risk Assessment Recommended for you Australian Police Arrest Dutch National on Money Mule Charges Sri Lanka Issues Good Practices Guidelines for Stockbrokers 2021 Outlook for BCBS 239 Compliance in Southeast Asia