SINGAPORE – The director of a corporate service provider firm was fined $6,500 on April 1 after she registered three companies here in the name of a local resident without getting the person’s consent.
She was convicted on two charges of failing to exercise reasonable diligence in the discharge of her duties. RQIs and RFAs provide corporate secretariat services for business entities, such as helping customers to incorporate companies and file annual returns.Corporate service providers here have come under increased scrutiny following a report by The Straits Times that foundWang Junjie, who was the director and RQI of LW Business Consultancy, had his registration asThere are close to 3,000 firms providing corporate services here.
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