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.

22 Oct 2015

Guidance on Anti-Money Laundering and Countering the Financing of Terrorism Controls in Trade Finance and Correspondent Banking

Guidance Papers


29 May 2015

Direct Life Insurers - Guidance on AML/CFT Controls

Guidance Papers


24 Apr 2015

MAS Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks

Notices and Guidelines

AML/CFT Revised Notice to Commercial Banks

24 Apr 2015

Guidelines to MAS Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks

Notices and Guidelines

Commercial Banks AML/CFT Guidelines

24 Apr 2015

MAS Notice 1014 on Prevention of Money Laundering and Countering the Financing of Terrorism – Merchant Banks

Notices and Guidelines

AML/CFT Revised Notice to Merchant Banks

24 Apr 2015

Guidelines to MAS Notice 1014 on Prevention of Money Laundering and Countering the Financing of Terrorism – Merchant Banks

Notices and Guidelines

Merchant Banks Institutions AML/CFT Guidelines

24 Apr 2015

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

Notices and Guidelines

AML/CFT Revised Notice to Finance Companies

24 Apr 2015

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

Notices and Guidelines

Finance Companies AML/CFT Guidelines

24 Apr 2015

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

Notices and Guidelines

AML/CFT Revised Notice to Holders of Money-Changer's Licence and Remittance Licence

24 Apr 2015

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

Notices and Guidelines

Holders of Money-Changer's Licence and Remittance Licence AML/CFT Guidelines

Last Modified on 26/11/2016