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.

30 Nov 2015

MAS Notice 1014 (Amendment) 2015

Notices and Guidelines

AML/CFT Amendment Notice to Merchant Banks

30 Nov 2015

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

Notices and Guidelines

AML/CFT Revised Notice to Finance Companies

30 Nov 2015

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

Notices and Guidelines

Finance Companies AML/CFT Guidelines

30 Nov 2015

MAS Notice 824 (Amendment) 2015

Notices and Guidelines

AML/CFT Amendment Notice to Finance Companies

30 Nov 2015

MAS Notice 626A Notice on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees

Notices and Guidelines

AML/CFT Revised Notice to Credit Card or Charge Card Licensees

30 Nov 2015

Guidelines to MAS Notice 626A Notice on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees

Notices and Guidelines

Credit Card or Charge Card Licensees AML/CFT Guidelines

30 Nov 2015

MAS Notice 626A (Amendment) 2015

Notices and Guidelines

AML/CFT Amendment Notice to Credit Card or Charge Card Licensees

30 Nov 2015

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

Notices and Guidelines

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

30 Nov 2015

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

Notices and Guidelines

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

30 Nov 2015

MAS Notice 3001 (Amendment) 2015

Notices and Guidelines

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

Last Modified on 26/11/2016