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

MAS Notice SFA13-N01 (Amendment) 2013

Notices and Guidelines

Approved Trustees AML/CFT Notices and Guidelines

23 Jan 2013

MAS Notice PSOA-N02 (Amendment) 2013

Notices and Guidelines

Holders of Stored Value Facilities AML/CFT Notices and Guidelines

23 Jan 2013

Amendment Notice TCA-N03 Trust Companies

Notices and Guidelines

AML/CFT Notice on Trust Companies

23 Jan 2013

Notice to Financial Advisers on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice FAA-N06]

Notices and Guidelines

AML/CFT Revised Notice to Financial Advisers

23 Jan 2013

MAS Notice 314 (Amendment) 2013

Notices and Guidelines

AML/CFT Notice for Life Insurers

23 Jan 2013

MAS Notice 3001 (Amendment) 2013

Notices and Guidelines

Money Changers and Remittance Companies AML/CFT Notices and Guidelines

23 Jan 2013

MAS Notice 626 (Amendment) 2013

Notices and Guidelines

Commercial Banks AML/CFT Notices and Guidelines

23 Jan 2013

MAS Notice FAA-N06 (Amendment) 2013

Notices and Guidelines

AML/CFT Notice on Financial Advisers

23 Jan 2013

MAS Notice 824 (Amendment) 2013

Notices and Guidelines

AML/CFT Notice on Finance Companies

18 Jun 2012

Notice to Financial Institutions on Prohibition on Transactions with the Iranian Government and with Iranian Financial Institutions [Cancelled]

Notices and Guidelines

All Financial Institutions AML/CFT Notices and Guidelines

Last Modified on 26/11/2016