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 PSOA-N02 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism - Holders of Stored Value Facilities

Notices and Guidelines

AML/CFT Revised Notice to Holders of Stored Value Facilities

24 Apr 2015

Guidelines to MAS Notice PSOA-N02 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism - Holders of Stored Value Facilities

Notices and Guidelines

Holders of Stored Value Facilities AML/CFT Guidelines

24 Apr 2015

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

Notices and Guidelines

AML/CFT Notice to Credit Card Or Charge Card Licensees

24 Apr 2015

Guidelines to MAS Notice 626A 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

10 Apr 2015

Remote Gambling Act Order 2

Remote Gambling Act Order

Payment Blocking Order issued pursuant to section 21(3) of the Remote Gambling Act 2014

02 Feb 2015

Remote Gambling Act Order

Remote Gambling Act Order

Payment Blocking Order issued pursuant to section 21(3) of the Remote Gambling Act 2014

30 Sep 2014

Notice to Banks on Prohibition on Circulation of 10,000 Singapore Dollars Denominated Currency Notes [MAS Notice 763]

Notices and Guidelines

Commercial Banks AML/CFT Notices and Guidelines

01 Jul 2014

Notice to Holders Of Stored Value Facilities on Prevention of Money Laundering and Countering the Financing of Terrorism [MAS Notice PSOA-N02]

Notices and Guidelines

AML/CFT Revised Notice to Holders Of Stored Value Facilities

01 Jul 2014

MAS Notice PSOA-N02 (Amendment) 2014

Notices and Guidelines

AML/CFT Amendment Notice to Holders Of Stored Value Facilities

01 Jul 2014

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

Notices and Guidelines

AML/CFT Revised Notice to Trust Companies

Last Modified on 26/11/2016