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 ACRA Bizfile, 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 ACRA Bizfile

Blocons configures access to ACRA Bizfile 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.

Advantages of working with Blocons

• Controls documented for MAS. Customer checks, transaction monitoring and sanctions screening are documented against MAS AML/CFT requirements, so your team can show how each control works.
• Turnkey, no hassle for your team. We take the whole file: structure, AML/CFT policies, filings and regulator questions. You make decisions and sign; we do the rest and contact you only when it matters.
• We take on regulators and banks. Information requests, remarks, bank refusals, delays: we respond, revise, resubmit or appeal at no extra charge until the matter is closed.
• A senior specialist on every file. An experienced specialist leads your project personally, backed by the group's 14 years in corporate law across 50+ countries, so we get right the first time what takes some firms three attempts. Non-standard models are our field: where others say it cannot be done, we look for a lawful route.
• Your project stays yours. Information about founders, beneficial owners, wallets and deals reaches neither competitors nor third parties. We disclose only what the law or the procedure requires, and the contract says so.

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.