FATF Mutual Evaluation Exercise 2007/2008
The Financial Action Task Force (FATF) is an inter-governmental body
which focuses on the development and promotion of national and
international policies to combat money laundering and terrorist financing.
As a member of the FATF, Singapore supports the work of the FATF
and participated in a mutual evaluation in 2007/2008 to benchmark
ourselves against international standards. As part of this exercise,
MAS, members of the financial industry and other Singapore government
agencies, met with an assessment team during an onsite visit from 3
to 14 September 2007.
The outcome of the mutual evaluation affirmed the high standards of
Singapore's anti-money laundering and countering the financing of
terrorism (AML/CFT) regime. The assessment recognised that Singapore
operates a strict and rigorous AML/CFT regime, which is centred on
having a comprehensive and sound legal, institutional, policy and