AML/KYC solutions in Singapore by Blocons SG

Blocons SG offers ready-made AML/KYC solutions for virtual asset service providers (VASPs) and financial platforms in Singapore. We integrate Singapore Trusted Data Exchange (SGTRADE), Singpass e-KYC, and OFAC checks, set up end-to-end transaction monitoring, and generate reports for MAS and the Commercial Affairs Department. Why AML/KYC solutions are important in Singapore

MAS strictly controls the fight against money laundering and terrorist financing. Without a reliable AML/KYC system, you risk:

• receiving fines and restrictions from MAS;
• losing banking partnerships;
• being subject to sanctions.

Key components of the Blocons SG solution

1. Singpass e-KYC integration

We connect the Singpass e-KYC API for instant identity verification with citizenship and address confirmation, compliant with PDPA and MAS requirements.

2. Verification via SGTRADE

Blocons configures access to Singapore Trusted Data Exchange to verify business customers: Company Profile, UEN, Ultimate Beneficial Owner (UBO) checks.

3. Transaction monitoring and sanctions lists

We implement ML/Rule-based monitoring systems, integrate OFAC and UN sanctions lists, as well as MAS Sandbox for testing suspicious transaction processing scenarios.

4. Reporting and auditing

We automate the generation of Suspicious Transaction Reports (STR), Customer Due Diligence (CDD) and Periodic Transaction Reports (PTR) for submission to MAS and CAD.

Fresh life hacks for 2025

• Use MAS AI Sandbox to train ML models on synthetic data without violating regulations.
• Implement real-time API from SGTRADE to automatically update company data.
• Use the SECURE-T protocol for secure KYC data exchange between VASPs and banks.

Advantages of working with Blocons SG

• Experience implementing AML/KYC for more than 10 VASPs and fintech platforms in Singapore.
• A team of certified compliance officers and developers.
• Support for updates on changes to MAS and PDPA.

Frequently asked questions

How fast is Singpass e-KYC?

Average verification time — less than 5 seconds with a stable API connection.

Do I need to store KYC data locally?

PDPA requires data to be stored for at least 5 years in a secure environment; Blocons SG can help you set up the infrastructure.

How often should sanctions lists be updated?

MAS recommends updating in real time or at least once a day.

Leave a request

Need reliable AML/KYC solutions in Singapore? Leave a request, and Blocons SG will implement the system in 2–4 weeks.