Many acra staff getting fat pay but sleeping in their job

[gingerlyn]

https://www.acra.gov.sg/who-we-are/board-members

 

[gingerlyn]

so many fake acra registrations have been approved by acra

https://www.straitstimes.com/singap...-promised-quick-returns-on-crypto-investments

 

[gingerlyn]

Mr Lim, who is an associate director at law firm Yuen Law, said: “Without actual knowledge and approval, or at least turning a blind eye to affairs which suggest something is wrong, it is unlikely that the director can be held liable for every criminal offence that the company is implicated in.”

 

[gingerlyn]

too much resources were channeled into vaccination, pofma and defamation and overlooked the gap in acra ?

On March 12, the Ministry of Finance and Acra called for public feedback on a proposed new law aimed at tightening scrutiny on corporate service providers.

This includes steeper financial penalties of up to $100,000 per breach for firms and senior management found guilty of failing to comply with obligations to prevent money laundering and the financing of terrorism.

 

[LexLuthor]

too much resources were channeled into vaccination, pofma and defamation and overlooked the gap in acra ?

On March 12, the Ministry of Finance and Acra called for public feedback on a proposed new law aimed at tightening scrutiny on corporate service providers.

This includes steeper financial penalties of up to $100,000 per breach for firms and senior management found guilty of failing to comply with obligations to prevent money laundering and the financing of terrorism.

Last time before they were renamed ACRA, there was a credit bureau on the same level @ International Plaza where I could search the creditworthiness of a person.

Does anyone remember that company ?

 

[laksaboy]

so many fake acra registrations have been approved by acra

https://www.straitstimes.com/singap...-promised-quick-returns-on-crypto-investments

Ownself check ownself, totalitarian shithole country, zero oversight, get used to it.

 

[LexLuthor]

It's called DP Information

 

[gingerlyn]

singapore aspires to be the world financial center but we have acra sleeping on the job;

 

[gingerlyn]

acra 做不好，为啥不换人做

 

[gingerlyn]

acra 马后炮
https://www.straitstimes.com/singap...anies-over-links-to-28b-money-laundering-bust

https://baike.baidu.com/item/马后炮/10121

 

[gingerlyn]

a simple excel formula such as countifs will tell how many directorships that person holds. here, acra only knew this after it was exposed in the news

 

[Dr Christopher Cheok C S]

share something more scary, there is a well connected person who has the exclusive rights with Association of Banks Singapore to manage the credit ratings of our businesses. Instead of an government, quasi-government or industry-linked entity (eg. NETS is jointly owned by local banks), this person is able to control this business in his private capacity.
https://finance.yahoo.com/news/71-ownership-credit-bureau-asia-220506650.html
Singapore is still like that.

This person went on to control the most powerful debt collection company in Singapore by threatening to ruin SME's credit ratings although some debts are in dispute. Imagine the debt collector is also the judge.
https://www.sccb.sg/

And guess what? It is untouchable, MAS FIDReC only handles consumers' complaints about such abuses, SMEs need to hire lawyers if they want to file an unjust case again them.