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

This information paper aims to provide guidance to banks, merchant banks and finance companies on the anti-money laundering and countering the financing of terrorism controls relating to trade finance and correspondent banking activities. Besides setting out MAS’ supervisory expectations and highlighting areas for attention and improvement, it also serves to assist banks in their benchmarking against industry norms and identification of control gaps.

Last Modified on 26/11/2016