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Programme equips compliance professionals with hands-on skills to tackle escalating scam threats and navigate a dynamic regulatory environment

Singapore, [22 July 2025] – With growing global financial interconnectivity and heightened regulatory scrutiny around illicit activities, Tradekins and Temasek Polytechnic (TP) have collaborated to launch a new specialised anti-money laundering (AML) training initiative, aimed at upskilling workers with relevant capabilities, amid an increasingly complex financial crime landscape.

Based on reported figures, financial crime in Singapore has reached unprecedented levels, with scam victims suffering record losses of S$1.1 billion in 2024 – the highest number of reported cases to date. This alarming trend reflects the rising sophistication of fraudulent schemes and illicit transactions, putting significant pressure on financial institutions, fintech firms, and related sectors to enhance their AML frameworks to address critical capability gaps. The urgency for industry-wide upskilling is further reinforced by the Monetary Authority of Singapore’s recent consultation on proposed amendments to AML/CFT regulations, which aim to strengthen sector-wide compliance standards and ensure alignment with evolving international standards.

To bolster capabilities in the sector, Tradekins and TP’s Temasek SkillsFuture Academy have developed a two-day course, ‘Anti-Money Laundering Essentials: Practical Strategies for Compliance and Risk Mitigation’. Accredited by SkillsFuture Singapore, the programme is designed to equip current and aspiring compliance professionals with the practical skills and strategic insights needed to identify, prevent, and respond effectively to financial crime risks.

Targeted at working professionals in the finance, fintech, and related sectors, the course integrates Tradekins' industry expertise in financial crime risk with TP’s applied learning approach. Learners will engage in hands-on, case-based training focused on real-world risk scenarios, regulatory adaptation, and proactive mitigation strategies. Key exercises include investigating suspicious fund transfers in real estate transactions, spotting red flags in charitable donations, and drafting effective Suspicious Transaction Reports (STRs) based on real-world case studies. These exercises will help learners build confidence and competence to manage AML risks within their organisations.

"Financial crime is evolving faster than traditional compliance models can respond," said Mr. V Jesudevan, Chief Executive Officer, Tradekins. "While AI and automation are reshaping the compliance landscape, organisations need agile, proactive executives to embed resilience, judgment, and strategic thinking into their operations. Through this collaboration, we are investing in the human capabilities that will define the future of financial integrity."

"We are proud to partner with Tradekins to future-proof the next generation of compliance professionals, by equipping them with the critical skills and adaptive mindset to navigate complex challenges and drive effective risk management," said Dr Kwan Kian Hoong, Director of Temasek SkillsFuture Academy, Temasek Polytechnic. "This initiative exemplifies our commitment to nurturing leaders who will advance Singapore’s leadership in governance, integrity, and financial innovation."

The course supports Singapore’s broader drive to cultivate a resilient talent pipeline in financial governance, compliance and risk mitigation, strengthening its position as a global leader in trusted, transparent financial systems. It also exemplifies the value of strategic partnerships in developing future-ready capabilities.

The first intake of the programme is expected to commence on 4 and 5 September 2025. Interested professionals can register and view programme details at Anti-Money Laundering Essentials: Practical Strategies for Compliance and Risk Mitigation.