Singapore

FATF внесла масштабные изменения в свой «серый список»

Victoria Pachotina — Mon, 01 Jul 2024 07:38:00 +0000

FATF has made major changes to its gray list

Victoria Pachotina Mon, 07/01/2024 - 09:38

The Financial Action Task Force on Money Laundering, (FATF)at its plenary meeting held in Singapore, made decisions on the status of Monaco, Venezuela, Turkey and Jamaica.

Monaco and Venezuela have been added to the gray list of jurisdictions subject to enhanced controls. FATF representatives have identified significant shortcomings in the anti-money laundering regime of these countries, but their authorities have committed themselves to implementing an action plan to address these problems. Being on the “grey list” will reduce confidence in these jurisdictions on the part of potential investors, trading partners and international financial institutions. This will be especially painful for Monaco, a state with the world’s largest “density” of billionaires and millionaires, whose financial institutions manage funds many times greater than the national GDP.

At the same time, FATF excluded Turkey and Jamaica from its “grey list” . Official Ankara in 2021 did not agree that its economy requires “strengthened monitoring” and called its inclusion in the “gray list” unfair, but agreed to fulfill all FATF requirements. The Turkish authorities were jubilant at the Panel's decision. The change in status will dramatically increase the country's investment attractiveness.

“We succeeded,” Turkish Finance Minister Mehmet Şimşek proudly wrote on his social networks.

“Thanks to this development, international investors' confidence in our country's financial system has become even stronger,” said Turkish Vice President Cevdet Yilmaz.

In addition, during the plenary meeting, FATF representatives stated that India has achieved a “high level of technical compliance” with the requirements of the Group. Experts say New Delhi is making good progress in understanding the financial risks of money laundering and terrorism, international cooperation and stripping criminals of their assets, and measures to combat the financing of proliferation of weapons of mass destruction. India's praise comes amid accusations from some human rights activists that New Delhi is allegedly misusing anti-money laundering laws to put pressure on civil society organizations. However, FATF representatives apparently did not find any evidence to support such allegations.

Despite the attempts of representatives of the Ukrainian authorities to make further accusations against Moscow, the FATF did not make any decisions related to Russia in Singapore, seeing no grounds for including the Russian Federation on the “gray” or “black” lists.

Language English

В Сингапуре был принят закон «Об апостиле»

Victoria Pachotina — Tue, 16 Mar 2021 14:25:32 +0000

Singapore accedes to the Apostille Convention

Aliya Zamaleeva Tue, 03/16/2021 - 15:25

On November 2, 2020, the Singapore's Parliament passed the Apostille Bill. This Bill introduces the obligations under the 1961 Hague Convention, which seeks to abolish the requirements of legalisation for foreign public documents. This facilitates the cross-border use of official documents by eliminating the requirements of legalisation for public documents of contracting parties.

Cross-border activities often involve the use of documents issued by government agencies of one state in another jurisdiction. For example, companies seeking to purchase property abroad may be required to provide incorporation documents. Many states require foreign official documents to be legalized before they are recognized and accepted in these states. Legalisation involves a multi-step process in which a signature, seal, or stamp on a document is verified as genuine by a number of government officials until this authentication is recognized by a foreign state. This process can be complicate, costly, and labor intensive.

The Hague Apostille Convention replaces the legalisation process with a one-step procedure in which a single certificate (namely apostille) is issued by the competent authority designated by the state. When Singapore becomes a member of the Apostille Convention in 2021, other participating countries will have to waive the requirements of legalisation for foreign public documents issued by the Singapore authorities. Instead, they must accept an apostille issued by the designated competent authority. Likewise, Singapore authorities may have to accept the apostille instead of legalisation for incoming foreign government documents from other contracting parties.

The new Bill identifies the Singapore Law Academy as the competent authority in Singapore under the Hague Apostille Convention and empowers the Academy to affix an apostille to Singapore government documents. Currently, the Singapore Ministry of Foreign Affairs performs the function of legalizing documents. The Bill transfers the function of legalisation from the Ministry of Foreign Affairs to the Singapore Law Academy.

Language English

Апостиль и легализация документов в Сингапуре

Valeria Nikolaeva — Fri, 27 Apr 2018 07:49:07 +0000

Apostille and consular legalization of documents in Singapore

Valeria Nikolaeva Mon, 03/02/2020 - 14:55

Schmidt & Schmidt covers the full spectrum of legalization services for documents issued in Singapore.

Singapore joined the Hague Convention on the Simplified Authentication of Documents on 18 January 2021; the Convention entered into force on 16 September 2021.

The apostille, or the “Hague apostille” is a certificate that authenticates the origin of a public document (e.g., a birth, marriage or death certificate, a judgment, an extract of a register or a notarial attestation). It confirms the authenticity of the signature and the authority of an official who signed the public document.

Documents issued in the Singapore are certified with an apostille in accordance with the Hague Convention of 1961 are recognized in all Member States of the Hague Convention and do not require any other form of certification, such as consular legalization, which considerably reduces the costs and time required for the certification of documents. So far, more than 120 states have joined the Convention.

The apostille is not sufficient for use in the states that are not party to the Hague Convention. In this case, consular legalization applies to a public document.

Designated Competent Apostille Authorities in Singapore

In Singapore, the responsibility for issuing apostille of documents falls under the competence of the Singapore Academy of Law (SAL), following which the SAL also keeps a record of each newly issued notarial certificate. The cost will generally depend on the degree of urgency, but will start from SGD $10.70.

The authority will carefully examine the document to verify if the signatures, stamps, or seals align with their own records. If they are confirmed to be authentic, the document will be legalized by affixing an 'apostille' (an officially stamped certificate).

The apostille in Singapore is a square stamp in Malay, Tamil, Singaporean Mandarin or English with the obligatory heading "Apostille" and a reference to the 1961 Hague Convention in French (Convention de La Haye du 5 octobre 1961). The apostille certificate’s sides will be at least 9 centimeters long.

Types of documents

Can be apostillized	Cannot be apostillized
Extracts from Singapore trade register Land register extract Documents issued or certified by a notary public Documents issued by courts Translations by court interpreters Official documents issued by state authorities Educational certificates from state and state-recognised institutions: School transcripts, university degree transcripts, overviews of subjects and grades, matriculation certificates, additional certificates from schools or universities as well as certificates. Powers of attorney, testaments, declarations Other government documents	Trade contracts Invoices Customs documents, diplomatic and consular documents ID Cards

Specific aspects and document requirements for the apostille in Singapore

Singapore is among the 120 countries that recognize and issue apostilles in accordance with the Hague Convention of 5 October 1961. The apostille serves as a confirmation of the official status of a document.

The apostille process can vary depending on the sender and recipient country, but typically to obtain an apostille for a document in Singapore, you must go through the following steps:

Obtaining the original document to be apostilled;
Verification of the signature on the document by the authorized body;
Issuance of an apostille on a document by an authorized body;
Submission of the document together with the apostille in the recipient country.

This process can be time-consuming, especially if it includes multiple documents and different countries. To ensure a smooth and accurate apostille process, it is recommended to seek guidance from specialists familiar with the requirements and procedures. Their expertise can help avoid delays and errors in obtaining documents apostille.

Document requirements that might apply:

The document must be an original or a certified copy issued by the competent authority.
The document should contain all relevant and accurate information.
The document must be in the official language of the issuing country or translated into the official language of the country where the apostille is sought.
The apostille must be affixed by the designated competent authority in accordance with regulations.

The apostille is issued in a uniform format. In Singapore, it has the form of a printed sticker with a handwritten signature of an official, an official seal, and a hologram.

In cases where apostles are not recognized, holders of foreign documents will need to legalize them instead. However, If the country of destination of the document recognizes and issues apostilles, then legalization is unnecessary.

If you require new original documents, the information here will help you.

Legalization of Singapore educational documents for use abroad

For educational documents issued in Singapore, such as school reports, university degree certificates, transcripts of records, enrollment certificates, and other school or university certificates, to be recognized and valid abroad, they must undergo an authentication process through legalization.

When it comes to the authentication of diplomas and similar educational documents in Singapore, the applicants will usually need to do so through the Ministry of Foreign Affairs.

In addition, to simplify the process of authenticating foreign educational documents for use in Singapore, the Singapore Cultural Attache (SACA) now offers an online platform, Mosadaqa. This streamlines the initial phase of attestation which previously required an in-person visit to SACA. The service currently covers educational credentials from institutions in Egypt, Jordan, Iraq, and Palestine, and includes degrees ranging from college diplomas to PhDs. Plans are underway to include more countries soon.

Such an approach ensures that educational documents possess the necessary legal authority, allowing them to be recognized and used across various countries. While these are general procedures, the exact requirements may vary, so it is advisable to confirm the specific steps with the relevant authorities.

Recognition of the authenticity of public documents

Documents from countries with which Singapore has agreements for exemption from legalization are not required to undergo any form of legalization procedures. Currently, Singapore is a signatory to the following agreements:

Convention of 15 November 1965 on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters;
Convention of 18 March 1970 on the Taking of Evidence Abroad in Civil or Commercial Matters;
Convention of 25 October 1980 on the Civil Aspects of International Child Abduction;
Convention of 30 June 2005 on Choice of Court Agreements.

Consular legalization of Singapore documents for use abroad

Consular legalization is the process of authenticating or certifying a legal document so a foreign country's legal system will recognize it as with full legal effect that is carried out by the diplomatic or consular mission of the country in which the document is to be used.

This procedure is required when the destination country does not recognize or accept the apostille certification. One needs to submit the original document, along with any required copies or supporting materials, to the respective consular office. The consular officials will review the document, verify its authenticity, and affix their seal or stamp to certify its validity.

The consular legalization process may require additional steps like obtaining translations of the document into the language of the destination country or providing additional supporting documentation as requested by the consular office.

It is up to the diplomatic mission to decide about the authentication procedure.
The specific requirements and procedures for consular legalization may vary depending on the regulations of the destination country.

The main differences between an apostille and consular legalization of documents

The common feature between apostille and consular legalization is that they authenticate an official document for presentation to institutions in another country. However, they have many differences.

	Apostille	Consular legalization
Legal effect	Can be used in all countries that are party to the Hague Convention on the Simplified Legalization of Documents.	Use between States one or both of which is not a member of the Hague Convention, or where one of the contracting States has protested the accession of the other.
Difficulty	Moderate. To obtain an apostille, contact the competent apostille authority of the state of origin of the document.	High. For consular legalization, various inland authorities and a diplomatic mission of the state of destination must be involved.
Pre-certification	Usually not required.	Is obligatory.
Attestation at the state of destination embassy in the state of origin of the document	No need to contact the Consulate of the country of destination.	Is the final step of legalization.

Apostille and consular legalization in all cities of Singapore

Schmidt & Schmidt provides apostille and consular legalization services for public documents originating from all regions across Singapore. We handle the entire process, from document review to obtaining the necessary certifications, ensuring that your documents are valid and recognized internationally. With our reliable services, you can confidently use your Singapore public documents abroad.

Procurement of documents from Singapore

If the important documents are lost or damaged, or current copies of the documents are needed, the re-issue of the documents is required. It is not unusual for people outside Singapore to encounter difficulties with obtaining new documents when abroad. Our consultants will help you procure new documents from Singapore remotely, and we can arrange for your documents to be sent by courier anywhere in the world.

Certified translation of documents from Singapore

Copies and transcripts of civil status documents can be translated into any language by a sworn translator in Singapore or the translation can be done in the country of destination. We offer certified translations of civil status documents with further certification. The cost of the work is calculated according to the volume of the document in question.

Does the translation have to be legalized?

Any foreign document issued in one country and used in another country must be legalized for use abroad. Therefore, the authenticity of a certified translation from Singapore needs to be certified by an apostille. Consequently, many authorities may not accept certified translations from Singapore if the translation has not been properly authenticated in Singapore for use abroad. To avoid this confusion, translations should better be made in the state of the destination of the document.