With the implementation of Singapore’s Corporate Service Providers Act (“CSP Act”) on 9 June 2025, the Maples Group fiduciary services division operating under Maples Fiduciary Services (Singapore) Pte. Ltd. has transitioned from a registered filing agent and is now a registered corporate service provider regulated under the CSP Act.
The legislation forms part of Singapore’s efforts to strengthen its Anti-Money Laundering (“AML”) regime and increase transparency regarding corporate ownership. Under the new regime, registered Corporate Service Providers (“CSPs”) must meet certain standards and face additional obligations, as outlined in our previous article.
Clients can be assured that all their Singapore corporate entities administered by the Maples Group will continue to be supported with no interruption in service.
As a leading global service provider experienced in the implementation of similar corporate transparency frameworks across major financial centres, the Maples Group has robust procedures in place and operates to the highest standards. Our experienced professionals are experts on the regulatory landscape in Singapore, with the ability to leverage the Group’s global infrastructure with cutting edge technology and world class entity management solutions.
The Maples Group welcomes these developments in Singapore which further strengthen the highly regarded regulatory regime. With a long-established presence in the jurisdiction, the Group provides a complete range of fiduciary services to support domestic clients and global structures utilising Singapore vehicles. These include registered office, directorship services, fund governance, corporate secretarial and client accounting services. Learn more about our services.
In addition, the Maples Group provides a full-service solution from Singapore, including fund administration, and through its law firm Maples and Calder, legal services on the laws of the Cayman Islands and British Virgin Islands.