(c) record keeping;
(d) employee screening; and
(e) staff training.
The Manager has developed and implemented a policy on the prevention of money laundering and
terrorist financing and is alert at all times to suspicious transactions. Where there is a suspicion of
money laundering or terrorist financing, the Manager performs due diligence checks on its
counterparties in order to ensure that it does not enter into business transactions with terrorist
suspects or other high risk persons or entities. Suspicious transactions are also reported to the
Suspicious Transaction Reporting Office of the Commercial Affairs Department.
Under this policy, the Manager must retain all relevant records or documents relating to business
relations with its customers or transactions entered into for a period of at least five years following the
termination of such business relations or the completion of such transactions.
All prospective employees of the Manager are also screened against various lists of terrorist
suspects issued by the MAS. Periodic training is provided by the Manager to its Directors and
employees to ensure that they are updated and aware of applicable anti-money laundering and
terrorist financing regulations, the prevailing techniques and trends in money laundering and terrorist
financing and the measures adopted by the Manager to combat money laundering and terrorist
financing.
Composition and Attendance Record of Meetings of the Board and Board Committees
Composition
Attendance Record of
Meetings in FY 2014
Board
Audit
Committee
Board Members
Audit
Committee
Corporate
Disclosure
Committee
Executive
Committee
Number of
Meetings
Held: 4
Number of
Meetings
Held: 4
Liew Cheng San Victor
–
Chairman
–
4 out of 4
N.A
Lim Ming Yan
–
Member
Chairman 3 out of 4
N.A.
Chew Gek Khim
1
Chairperson
–
–
1 out of 1 1 out of 1
Fong Heng Boo
2
Chairman
–
–
4 out of 4 4 out of 4
Christopher Gee
Kok Aun
3
Member
–
–
3 out of 4 3 out of 4
Ng Kok Siong
Member
Member
Member
4 out of 4 4 out of 4
Professor Tan
Kong Yam
4
Member
–
–
N.A.
N.A.
Tony Tan Tee Hieong
–
–
Member
4 out of 4
N.A.
N.A.: – Not Applicable.
1 Chew Gek Khim resigned as a non-executive independent Director and ceased to be Chairperson of the Audit Committee with
effect from 5 February 2014.
2 Fong Heng Boo was appointed as Chairman of the Audit Committee with effect from 5 February 2014.
3 Christopher Gee Kok Aun was appointed as a non-executive independent Director and a member of the Audit Committee with
effect from 24 January 2014.
4 Professor Tan Kong Yam was appointed as a non-executive independent Director and a member of the Audit Committee with
effect from 31 October 2014.
Delivering Performance | 43
