SG PEP Notification Form 2015 free printable template

PEP Notification Form INSTRUCTIONS: 1. Complete the Part(s) accordingly to the type of information you want to update. 2. Any part left blank will be treated as not applicable. 3. Please complete

How to fill out SG PEP Notification Form

How to fill out SG PEP Notification Form

1. Obtain the SG PEP Notification Form from the relevant authority or website.
2. Provide personal identification details such as full name, date of birth, and nationality.
3. Indicate your occupation and details of your employer or business.
4. Specify the nature of your politically exposed position if applicable.
5. Include information about your financial activities, such as accounts held and transactions.
6. Attach any required supporting documents that verify your information.
7. Review the form for completeness and accuracy.
8. Submit the completed form to the designated authority.

Who needs SG PEP Notification Form?

1. Individuals who are classified as politically exposed persons (PEPs).
2. Organizations that engage with PEPs in business transactions.
3. Financial institutions required to report on PEPs due to regulations.

People Also Ask about

What is the difference between PEP and EP Singapore?

A current Employment Pass (EP) holder who earns a fixed salary of at least S$12,000 a month in Singapore. An overseas foreign professional with a last drawn monthly salary of S$18,000. This salary should be within the last six months in order to apply for the Personalised Employment Pass (PEP).

What is PEP declaration form?

POLITICALLY EXPOSED PERSON (PEP) DECLARATION Like all estate agents (and many other industries), we are required to ascertain from all buyers and sellers whether they or any member of their immediate family is classed as a Politically Exposed Person (PEP).

What is pep pass in Singapore?

The Personalised Employment Pass is for high-earning Employment Pass holders and overseas foreign professionals. It is not tied to an employer and offers greater flexibility than an Employment Pass.

How do I hire Pep?

You can hire a Personalised Employment Pass ( PEP ) holder the same way you would hire a Singapore citizen or PR, as long as your company hasn't been restricted by MOM against employing foreigners on a work pass. If you've hired, or have ceased to employ a PEP holder, inform us by: Completing the PEP notification form.

What is the minimum salary for PEP in Singapore?

The main requirement to obtain the PEP is the fixed monthly salary: Of at least SGD 12,000 for existing EP holders. Of at least SGD 18,000 (or equivalent) for foreign professionals. From September 2023 onwards: the threshold will be increased to at least SGD 22,500 for both existing EP holders and foreign professionals.

What is the difference between PEP and EP?

The PEP is not tied to an employer and it offers a greater flexibility than an Employment Pass. The PEP holder can move to a different employer without the need to apply for a new PEP, as long as it is within the validity period of the current PEP.

For pdfFiller’s FAQs

How do I modify my SG PEP Notification Form in Gmail?

You may use pdfFiller's Gmail add-on to change, fill out, and eSign your SG PEP Notification Form as well as other documents directly in your inbox by using the pdfFiller add-on for Gmail. pdfFiller for Gmail may be found on the Google Workspace Marketplace. Use the time you would have spent dealing with your papers and eSignatures for more vital tasks instead.

How do I make edits in SG PEP Notification Form without leaving Chrome?

Install the pdfFiller Google Chrome Extension in your web browser to begin editing SG PEP Notification Form and other documents right from a Google search page. When you examine your documents in Chrome, you may make changes to them. With pdfFiller, you can create fillable documents and update existing PDFs from any internet-connected device.

Can I create an eSignature for the SG PEP Notification Form in Gmail?

Create your eSignature using pdfFiller and then eSign your SG PEP Notification Form immediately from your email with pdfFiller's Gmail add-on. To keep your signatures and signed papers, you must create an account.

What is SG PEP Notification Form?

The SG PEP Notification Form is a document used to declare the status of individuals who are politically exposed persons (PEPs) in Singapore, as part of the country's efforts to combat money laundering and terrorism financing.

Who is required to file SG PEP Notification Form?

Individuals and entities that are involved in financial services, including banks and other regulated entities, are required to file the SG PEP Notification Form for any clients who are identified as politically exposed persons.

How to fill out SG PEP Notification Form?

To fill out the SG PEP Notification Form, one must provide details about the individual’s identity, the nature of their political exposure, the source of their wealth, and any other necessary identifying information as required by the form's instructions.

What is the purpose of SG PEP Notification Form?

The purpose of the SG PEP Notification Form is to ensure that financial institutions are aware of and can manage the potential risks associated with politically exposed persons, thus promoting transparency and reducing the risk of financial crime.

What information must be reported on SG PEP Notification Form?

The information that must be reported includes the individual's full name, identification details, political exposure status, the position held, the duration of that position, and details regarding the source of funds and wealth of the PEP.