Terence Ong
Singapore
Summary
Detail-oriented financial crime fighter with over 4 years of experience as a compliance officer with proven expertise in ensuring adherence to regulatory standards and company policies for Fin-Tech firms and financial institutions.
Overview
8
8
years of professional experience
Work History
CDD Specialist
Bank of Singapore
09.2024 - Current
- Performed periodic reviews based on our internal KYC and CDD guidelines for existing end-clients (Clients)
- Conducted independent and thorough review, including plausibility checks and corroboration of clients’ account structure, sources of wealth (SOW) and source of funds (SOF)
- Advised Front Office staff to ensure that source of wealth gaps or red flags uncovered during periodic reviews and/or source of wealth remediation are properly addressed and remediated within the stipulated deadline.
Compliance Officer
BitData Exchange
04.2024 - 05.2024
- Assisted the Chief Compliance in regulatory and licensing matters
- Monitored external regulatory environment and developed compliance policies to prevent money laundering, fraud, and other illicit activities
- Overseen cryptocurrency transactions for signs of suspicious behavior and ensured compliance with KYC and AML regulations amidst the constantly evolving regulatory framework of digital payment tokens (DPTs)
- Advised internal stakeholders (Senior Management, Sales and Trading Desk) on any issues related to AML
Compliance Analyst
Lightnet Singapore
06.2022 - 04.2024
- Developed and enhanced internal policies, processes and systems in relation to money laundering and financing of terrorism
- Performed Post Transaction Monitoring and drafting of Suspicious Activity Reports (SARs) to local authorities
- Performed enhanced due diligence and periodic review checks on institutional customers and HNWIs to ascertain their suitability and legitimacy in accordance with the company's KYC, CDD and EDD policies and procedures
- Managed and overseen an external audit pertaining to AML/CFT regulatory standards achieving 100% compliance with all regulatory requirements
- Developed and delivered company-wide AML/CFT for all employees and third-party service providers
Co-founder
Four Legs Affair
06.2018 - 05.2022
- Company Overview: a company that specializes in providing logistics solutions and furniture rental for events and exhibitions
- Co-founded Four Legs Affair, a company that specializes in providing logistics solutions and furniture rental for events and exhibitions
- A company that specializes in providing logistics solutions and furniture rental for events and exhibitions
Suspicious Transaction Reporting Officer
OCBC Bank
12.2017 - 05.2018
- Investigated suspicious activity, including all forms of funds transfers
- Drafting and filing of Suspicious Activity Reports (SARs) to Commercial Affairs Department
Transactions Surveillance Analyst
DBS Bank
07.2017 - 12.2017
- Investigated transaction monitoring alerts for potential money laundering risks
Client Due Diligence Analyst
Great Eastern Life
11.2016 - 05.2017
- Performed sanctions screening, PEPs and potential adverse news hits
- Performed customer due diligence activities and enhanced due diligence on high-risk customers
Education
Certified Anti-Money Laundering Specialist (CAMS) -
Association of Certified Anti-Money Laundering Specialists (ACAMS)
06-2025
SGUS Cybersecurity Professional Programme - Forensics Investigator
Singapore Polytechnic
01.2022
ICA Advanced Certificate in Governance, Risk and Compliance -
International Compliance Association
04.2017
Bachelor of Commerce - Banking and Finance (Double Major)
Murdoch University
12.2016
Skills
- KYC/KYB/KYT
- Investigative Skills
- Regulatory Compliance
- Suspicious Activity Reporting
- Communication Skills
Websites
Timeline
CDD Specialist
Bank of Singapore
09.2024 - Current
Compliance Officer
BitData Exchange
04.2024 - 05.2024
Compliance Analyst
Lightnet Singapore
06.2022 - 04.2024
Co-founder
Four Legs Affair
06.2018 - 05.2022
Suspicious Transaction Reporting Officer
OCBC Bank
12.2017 - 05.2018
Transactions Surveillance Analyst
DBS Bank
07.2017 - 12.2017
Client Due Diligence Analyst
Great Eastern Life
11.2016 - 05.2017
SGUS Cybersecurity Professional Programme - Forensics Investigator
Singapore Polytechnic
ICA Advanced Certificate in Governance, Risk and Compliance -
International Compliance Association
Bachelor of Commerce - Banking and Finance (Double Major)
Murdoch University
Certified Anti-Money Laundering Specialist (CAMS) -
Association of Certified Anti-Money Laundering Specialists (ACAMS)
Similar Profiles
Jocelyn LeeJocelyn Lee
Team Head, OneOps (AVP) at Bank Of SingaporeTeam Head, OneOps (AVP) at Bank Of Singapore
Nivetha BalasekarNivetha Balasekar
Automation Test Engineer at Bank Of SingaporeAutomation Test Engineer at Bank Of Singapore
Swapnil PamechaSwapnil Pamecha
Product Owner, Associate Director at Bank Of SingaporeProduct Owner, Associate Director at Bank Of Singapore