Corporate Governance

We are a leading provider of private trust services for families and business owners.

Our Dedicated Governance Structure

Precepts Trustee Limited is

  • Governed by the Trust Companies Act (Chapter 336).
  • Supervised by the Monetary Authority of Singapore (MAS) in respect of anti-money laundering and terrorist financing matters.

Precepts Trustee has five committees, consisting of executive and non-executive directors,

  1. to oversee the onboarding and administration of trusts (Trust Committee);
  2. the assessment of risk policies and procedures (Risk Committee);
  3. the review and execution of ongoing compliance matters to ensure adherence to various local and international legislation (Compliance Committee);
  4. the review of risk and performance of investment portfolios (Investment Committee);
  5. and the review of the overall trust business, including the suite of products offered and the marketing of products to our customers (Board).

An internal audit unit, reporting to the Audit Committee, further strengthens Precepts’ corporate governance. The company continually seeks to improve its standard of corporate governance to maintain the trust and confidence of its stakeholders.

Stringent Control Checks
Verifications

Trust Officers will take steps to verify that the payment is to one of the Trust Relevant Parties as per the terms of the Trust.

4 Levels of Approval

1. Trust / Estate
2. Senior Management
3. Compliance
4. Client’s Account

Joint Dual-Signatories

Comprises Senior
Management and Directors

Segregation of Trust Funds

All Client’s Accounts are opened with banks in the name of the Client’s Trust Accounts, completely separate from the company’s accounts.

Operations Commitee

Monthly review of Clients’ Accounts and movements. 

Audit

1. Internal Audit – Quarterly or more frequent surprise visits.
2. External Audit – Annually
3. MAS Inspections

Precept Trustee Ltd
Licensed Trust Company
Governed by the MAS under the
Trust Companies Act (Chapter 336)

External Auditors

External Auditors

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  • 10 Anson Road,
    International Plaza,
    #06-17, Singapore 079903
  • +65 6221 8633
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PreceptsGroup

We are dedicated to provide comprehensive planning and solutions for wealth distribution, wealth succession, estate administration for individuals and families.

Contact Us
  • +65 6221 8633
  • contactus@preceptsgroup.com

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