Anti-Money Laundering / Countering the Financing of Terrorism and Targeted Financial Sanctions

As an international financial centre and transport hub, Singapore supports global efforts to combat money laundering, terrorism financing and proliferation financing.

Highlights

Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT)

Singapore is a member of the Financial Action Task Force (FATF) and a founding member of the Asia / Pacific Group on Money Laundering. We are committed to implementing a robust regulatory and supervisory regime in line with the FATF Standards (2012) and international best practices.

 

Singapore has established a strict and rigorous AML/CFT regime through legislation, policy and supervision to safeguard against the abuse of our financial system for criminal activities. 

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Targeted Financial Sanctions

As a member state of the United Nations (UN), Singapore is committed to implementing the UN Security Council Resolutions (UNSCRs). MAS gives effect to the targeted financial sanctions in the UNSCRs through the MAS Regulations, which apply to all financial institutions in Singapore.

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Last Modified on 26/11/2016