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.

11 May 2012

Guidelines On Safeguarding Financial System Integrity Against Risks Emanating From Iran (11th May)

Notices and Guidelines

All Financial Institutions AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice FAA-N06

Notices and Guidelines

Financial Advisers AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice 626

Notices and Guidelines

Commercial Banks AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice TCA-N03

Notices and Guidelines

Trust Companies AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice SFA04-N02

Notices and Guidelines

Capital Markets Intermediaries AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice 314

Notices and Guidelines

Life Insurers AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice 3001

Notices and Guidelines

Money Changers and Remittance Companies AML/CFT Notices and Guidelines

02 Dec 2009

Guidelines to MAS Notice 1014

Notices and Guidelines

Merchant Banks Institutions AML/CFT Notices and Guidelines

02 Dec 2009

Notice to Banks on Prevention of Money Laundering and Countering the Financing of Terrorism

Notices and Guidelines

Commercial Banks AML/CFT Notices and Guidelines

02 Dec 2009

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

Notices and Guidelines

Financial Advisers AML/CFT Notices and Guidelines

Last Modified on 26/11/2016