Anti-Money Laundering / Countering the Financing of Terrorism

Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for financial institutions to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious transaction. The requirements on financial institutions are set out in MAS’ Notices on the Prevention of Money Laundering and Countering the Financing of Terrorism (AML/CFT Notices).

Financial institutions should also refer to Guidance Papers for good practices for combating money laundering and terrorism financing, and AML/CFT Announcements for information on high risk jurisdictions as well as other news.

Under the MAS Act, a financial institution that fails or refuses to comply with the requirements of its applicable AML/CFT Notice is guilty of an offence and will be liable on conviction to a fine not exceeding $1 million.

23 Jan 2013

Notice to Holders of Money-Changers Licence and Remittance Licence on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice 3001]

Notices and Guidelines

Money Changers and Remittance Companies AML/CFT Notices and Guidelines

23 Jan 2013

Notice to Merchant Banks on Prevention of Countering the Financing of Terrorism [MAS Notice 1014]

Notices and Guidelines

AML/CFT Revised Notice to Merchant Banks

23 Jan 2013

Notice to Life Insurers on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice 314]

Notices and Guidelines

AML/CFT on Notice to Life Insurers

23 Jan 2013

MAS Notice 1014 (Amendment) 2013

Notices and Guidelines

AML/CFT Notice on Merchant Banks

23 Jan 2013

Notice to Finance Companies on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice 824]

Notices and Guidelines

AML/CFT Notice to Finance Companies

23 Jan 2013

Notice to Holders of Stored Value Facilities on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice PSOA-N02]

Notices and Guidelines

Holders of Stored Value Facilities AML/CFT Notices and Guidelines

23 Jan 2013

Notice to Trust Companies on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice TCA-N03]

Notices and Guidelines

AML/CFT Revised Notice to Trust Companies

23 Jan 2013

Notice to Approved Trustees on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice SFA13-N01]

Notices and Guidelines

Approved Trustees AML/CFT Notices and Guidelines

23 Jan 2013

MAS Notice SFA04-N02 (Amendment) 2013

Notices and Guidelines

Capital Markets Intermediaries AML/CFT Notices and Guidelines

23 Jan 2013

Notice to Banks on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice 626]

Notices and Guidelines

Commercial Banks AML/CFT Notices and Guidelines

Last Modified on 26/11/2016