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.

24 Apr 2015

MAS Notice 314 on Prevention of Money Laundering and Countering the Financing of Terrorism - Direct Life Insurers

Notices and Guidelines

AML/CFT Revised Notice to Life Insurers

24 Apr 2015

Guidelines to MAS Notice 314 on Prevention of Money Laundering and Countering the Financing of Terrorism - Direct Life Insurers

Notices and Guidelines

Life Insurers AML/CFT Guidelines

24 Apr 2015

MAS Notice SFA04-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism - Capital Markets Intermediaries

Notices and Guidelines

AML/CFT Revised Notice to Capital Markets Intermediaries

24 Apr 2015

Guidelines to MAS Notice SFA04-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism - Capital Markets Intermediaries

Notices and Guidelines

Capital Markets Intermediaries AML/CFT Guidelines

24 Apr 2015

MAS Notice to SFA13-N01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Approved Trustees

Notices and Guidelines

AML/CFT Revised Notice to Approved Trustees

24 Apr 2015

Guidelines to MAS Notice to SFA13-N01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Approved Trustees

Notices and Guidelines

Approved Trustees AML/CFT Guidelines

24 Apr 2015

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

Notices and Guidelines

AML/CFT Revised Notice to Financial Advisers

24 Apr 2015

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

Notices and Guidelines

Financial Advisers AML/CFT Guidelines

24 Apr 2015

MAS Notice to TCA-N03 on Prevention of Money Laundering and Countering the Financing of Terrorism - Trust Companies

Notices and Guidelines

AML/CFT Revised Notice to Trust Companies

24 Apr 2015

Guidelines to MAS Notice to TCA-N03 on Prevention of Money Laundering and Countering the Financing of Terrorism - Trust Companies

Notices and Guidelines

Trust Companies AML/CFT Guidelines

Last Modified on 26/11/2016