New ULTRA KYC™ capability helps law firms move beyond document collection to evidence-linked customer due diligence
SINGAPORE - Media OutReach Newswire - 9 September 2026 - Amid continued scrutiny of anti-money laundering and countering the financing of terrorism (AML/CFT) practices across Singapore's legal sector, iCOMPASS today launched Evidence-Backed AML/KYC, a new capability within ULTRA KYC™ designed to help law firms demonstrate not only that customer due diligence (CDD) was performed, but also the evidence supporting key customer information, risk assessments and decisions.
The launch comes amid continued regulatory attention on AML/CFT controls in the legal sector. Reviews following Singapore's 2023 money-laundering case have highlighted shortcomings including inconsistent risk assessments and incomplete enhanced due diligence. For law firms, the challenge is increasingly not simply whether the required documents have been collected, but what was verified, what evidence was relied upon and how the resulting decision was reached.
The Evidence-Backed AML/KYC capability shifts the KYC workflow from document-first to evidence-linked. Key CDD information can be connected directly to the supporting evidence relied upon. For example, information relating to a client's source of wealth, beneficial ownership or address can be linked to the relevant supporting documents, together with the associated review and approval record. This provides a clearer audit trail from the information verified, to the evidence relied upon, to the decision made.
"One of the practical challenges in KYC is ensuring the reasoning behind a decision remains clear when another person reviews the file later. With iCOMPASS' KYC solution, having the underlying information and evidence connected in one place makes that review more efficient, while also creating a smoother onboarding experience for the client," said Mr Wilson Foo, Joint Managing Director of Folich LLC.
The capability sits within ULTRA KYC™'s broader onboarding and lifecycle management workflow, which supports electronic verification for Singapore clients, digital identity verification for overseas clients, document collection, screening, risk assessment, approvals, and ongoing KYC refresh and reassessment.
"Law firms don't need more KYC paperwork — they need better KYC evidence," said Raymond Moh, CEO of iCOMPASS. "A strong KYC record should allow someone reviewing the file months or years later to understand what was verified, what evidence was relied upon and why the firm reached its decision. That is what we are trying to make much easier."
Evidence-Backed AML/KYC forms part of ULTRA KYC™'s integrated 6-in-1 KYC/AML workflow, bringing onboarding and CDD, screening, risk assessment, approval, ongoing monitoring and reassessment into one connected process.
iCOMPASS will demonstrate the new capability at TechLaw.Fest 2026 on 9–10 September. The company will also speak on "The KYC File Is Not the Answer — Are Law Firms Doing KYC Backwards?" on 9 September, exploring how law firms can move towards more evidence-driven KYC and operationalise AML/CFT requirements in practice.
Hashtag: #iCOMPASS #TechLawFest2026 #ULTRA #RegTech #ULTRA #KYC #AML #Singapore
https://www.icompass.ai
https://www.linkedin.com/company/i-compass/
The issuer is solely responsible for the content of this announcement.
About Company
iCOMPASS Pte. Ltd. is a Singapore-headquartered RegTech company modernising regulatory compliance through intelligent automation. SOC 2 Type II attested and ISO/IEC 27001 certified, iCOMPASS develops AI-powered solutions that help financial institutions and professional services firms manage compliance more efficiently, securely and consistently.
Its portfolio includes the ULTRA KYC™ Platform, featured in the Monetary Authority of Singapore's PathFin.ai programme, and ULTRA™, an AI-powered compliance operating system. iCOMPASS was also named a winner at the Singapore Business Review Technology Excellence Awards 2023 in the Regulatory Technology category.
iCOMPASS is focused on advancing trusted, technology-enabled governance and helping regulated organisations navigate increasingly complex regulatory requirements.
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MACAU SAR – Media OutReach Newswire – 8 September 2026 – Melco Resorts & Entertainment has achieved notable success at the tenth anniversary edition of the prestigious Trip.Gourmet Restaurant Rankings and Fine Dining Awards. Presented with a total of five accolades, the achievement reinforces Melco's position as a premier global leader in hospitality and commitment to Macau's ongoing development as a UNESCO Creative City of Gastronomy.
Jade Dragon at City of Dreams Macau was honored with the highest distinction Black Diamond recognition
The honors were presented at the award ceremony celebrations in Singapore on September 8, 2026. The five award-winning restaurants at Melco representing the pinnacle of fine dining excellence include:
- Jade Dragon (City of Dreams) was honored with the highest distinction Black Diamond recognition. Creating culinary masterpieces that set the standard for gastronomic excellence in Macau and beyond, Jade Dragon is the only Chinese restaurant in the world awarded with MICHELIN three stars and Black Pearl three diamonds.
- Alain Ducasse at Morpheus (City of Dreams) captured the distinguished Diamond accolade for its legendary French classics. Alain Ducasse at Morpheus is honored with MICHELIN two stars and Black Pearl one diamond.
- Yí (City of Dreams) garnered the prestigious Platinum status for its innovative Chinese cuisine. The Black Pearl one-diamond restaurant distills Chinese gastronomy to its essence in a creative take on seasonal dining through its signature dishes.
- Sushi Kinetsu (City of Dreams) was awarded the Platinum status for its outstanding authentic Edomae sushi craftsmanship. It holds MICHELIN one star and Black Pearl one diamond.
- Pearl Dragon (Studio City) attained the Platinum status. The MICHELIN-starred restaurant fuses modern flair with timeless Cantonese tradition for an exquisite dining experience. Crafted from the finest seasonal ingredients, Pearl Dragon's dishes are rooted in Cantonese culinary traditions and masterfully infused with Chaozhou essence.
Mr. Lawrence Ho, Chairman & CEO of Melco, said, "Achieving five major honors at the tenth anniversary of the Trip.Gourmet Awards is a great testament to our unwavering commitment to world-class hospitality. This milestone belongs entirely to our extraordinary culinary and F&B team colleagues. Their continued dedication, creativity and tireless pursuit of excellence ensure that every guest enjoys an unforgettable journey with us. I am deeply thankful to our team for their hard work and passion. We look forward to working together to continue driving forward Macau's reputation as a global culinary destination."
Hashtag: #Melco #TripGourmet #JadeDragon #AlainDucasseAtMorpheus #Yi #PearlDragon #SushiKinetsu #CityOfDreamsMacau #StudioCityMacau
https://www.melco-resorts.com
https://hk.linkedin.com/company/melco-resorts-entertainment
https://x.com/MelcoResorts
https://www.facebook.com/MelcoCSR/
Wechat: 新濠博亚娱乐
The issuer is solely responsible for the content of this announcement.
About Melco Resorts & Entertainment Limited
The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates City of Dreams (www.cityofdreamsmacau.com) and Altira Macau (www.altiramacau.com), integrated resorts located in Cotai and Taipa, Macau, respectively. Its business also includes the Mocha Clubs (www.mochaclubs.com), the only non-casino based operation of electronic gaming machines in Macau. In addition, the Company operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, the Company operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean, an integrated resort in Limassol, in the Republic of Cyprus (www.cityofdreamsmed.com.cy) and licensed satellite casinos in other cities in Cyprus (the "Cyprus Casinos"). In South Asia, the Company operates the casino and manages the Nüwa hotel at City of Dreams Sri Lanka (www.cityofdreamssrilanka.com), an integrated resort in Colombo, Sri Lanka. For more information about the Company, please visitwww.melco-resorts.com.
The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
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