MAS Notice 626 (Prevention of Money Laundering and Countering the Financing of Terrorism) sets a high bar for Singapore-licensed financial institutions. FlowAI extracts NRIC/FIN identifiers, screens against MAS and OFAC watchlists, and delivers APPROVE/ESCALATE/REJECT decisions in under 3 seconds — with an audit trail that satisfies MAS examinations.
MAS Notice 626 requires all financial institutions to conduct CDD before establishing a business relationship. Risk-based approach mandates enhanced CDD for PEPs, correspondent relationships, and high-risk jurisdictions. FlowAI's triage engine scores against MAS's published risk factors — low-risk applicants auto-approve, high-risk trigger EDD workflows.
Singapore's Personal Data Protection Act (PDPA) requires purpose limitation and data minimization. FlowAI collects only what's necessary for KYC triage — no raw biometric storage beyond the audit requirement. Data processing agreements (DPAs) are available for PDPA compliance purposes.
Singapore NRIC (citizens/PRs) and FIN (foreigners) are extracted from IC and passport documents. MAS maintains a Singapore Terrorism Financing watchlist alongside OFAC SDN and UN consolidated lists. FlowAI runs all three per triage call — no separate API per watchlist.
Run a Singapore applicant scenario — NRIC/FIN document, MAS + OFAC screening, Notice 626-aligned risk scoring.
Pick a scenario. Hit run. See exactly what the agent decides — and why.
| Provider | Cost per review | Monthly cost (15K) | Annual cost |
|---|---|---|---|
| Manual compliance (SG market rate) | SGD 20–35 (~$15–26) | $225,000–390,000 | $2.7M–4.68M |
| Jumio | $3.00–5.00 | $45,000–75,000 | $540K–900K |
| Veriff | $2.00–4.00 | $30,000–60,000 | $360K–720K |
| Persona | $2.00–4.00 | $30,000–60,000 | $360K–720K |
| Sardine | $1.50–3.00 | $22,500–45,000 | $270K–540K |
| Sumsub | $1.50–3.00 | $22,500–45,000 | $270K–540K |
| FlowAI Starter | $0.033 | $499/mo flat | $5,988 |
At 15K reviews/month, FlowAI is 98%+ cheaper than Singapore-standard compliance tooling.
MyInfo provides government-verified identity data for Singaporean residents via the SingPass platform. FlowAI can consume MyInfo-verified data as a high-confidence input, reducing the need for document re-verification. For customers who have completed MyInfo verification, FlowAI applies a reduced document friction path while still running sanctions screening and risk scoring.
MAS Notice 626 requires EDD for politically exposed persons (PEPs), including senior management approval for onboarding. FlowAI's PEP screening runs against global PEP databases — when a match surfaces, the ESCALATE decision routes to your senior compliance officer with the PEP classification, position, and jurisdiction pre-populated. No cold-start EDD investigations.
FlowAI is designed for MAS-licensed entities — Major Payment Institution (MPI), Standard Payment Institution (SPI), and Capital Markets Services (CMS) licensees. The audit trail and risk documentation FlowAI produces is structured to support MAS AML/CFT supervisory examinations, including the ability to demonstrate your risk-based approach under MAS Notice 626 Paragraph 6.
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