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.

02 Jul 2007

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

Notices and Guidelines

AML/CFT Notice to Finance Companies

02 Jul 2007

MAS Notice 3001 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Money-Changer’s License and Remittance License [Cancelled]

Notices and Guidelines

AML/CFT Notice to Holders of Money-Changer’s License and Remittance License

02 Jul 2007

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

Notices and Guidelines

AML/CFT Notice to Life Insurers

02 Jul 2007

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

Notices and Guidelines

AML/CFT Notice to Financial Advisers

02 Jul 2007

MAS Notice SFA04-N02 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism –Capital Markets Services Licensees and Exempted Persons [Cancelled]

Notices and Guidelines

AML/CFT Notice to Capital Markets Services Licensees and Exempted Persons

02 Jul 2007

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

Notices and Guidelines

AML/CFT Notice to Approved Trustees

02 Jul 2007

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

Notices and Guidelines

AML/CFT Notice to Trust Companies

01 Jun 2007

FATF Guidance on the Risk-Based Approach

Guidance Papers


29 Dec 2006

Guidelines to MAS Notice SFA13-N01

Notices and Guidelines

Approved Trustees AML/CFT Notices and Guidelines

Last Modified on 26/11/2016