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The MAS Guidelines on Outsourcing are extremely detailed and emphasise that it is the regulated firm’s responsibility to monitor and manage outsourcing arrangements at all times.
Our MAS Outsourcing solution enables clients to initiate, manage and terminate outsourcing arrangements in full MAS compliance. In addition to the generic MAS Outsourcing checks, controls and record keeping, GRC-Maestro can be easily customised to specifically monitor services outsourced to different providers.
In Singapore there are strict laws and guidelines for ensuring Charites and IPCs serve their stated objective.
Our Charities and IPCs solution enables clients to initiate, manage and report on their compliance with statutory laws, tax codes, contract laws and internal constitution. In addition to monitoring compliance and maintaining registers, GRC-Maestro data can be exported to third party management reporting tools.