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.

05 Feb 2016

Sound Management of Risks related to Money Laundering and Financing of Terrorism (Updated February 2016)

Guidance Papers


28 Jan 2016

Cancellation Notice to Prohibition on Transactions with the Iranian Government and with Iranian Financial Institutions

Notices and Guidelines

All Financial Institutions AML/CFT Notices and Guidelines

31 Dec 2015

MAS Notice SFA03AA-N01 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism – The Depository

Notices and Guidelines

AML/CFT Revised Notice to the Depository

31 Dec 2015

Guidelines to MAS Notice SFA03AA-N01 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism – The Depository

Notices and Guidelines

Depository AML/CFT Guidelines

30 Nov 2015

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

Notices and Guidelines

AML/CFT Revised Notice to Commercial Banks

30 Nov 2015

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

Notices and Guidelines

Commercial Banks AML/CFT Guidelines

30 Nov 2015

MAS Notice 626 (Amendment) 2015

Notices and Guidelines

AML/CFT Amendment Notice to Commercial Banks

30 Nov 2015

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

Notices and Guidelines

AML/CFT Revised Notice to Merchant Banks

30 Nov 2015

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

Notices and Guidelines

Merchant Banks AML/CFT Guidelines

30 Nov 2015

MAS Notice 1014 (Amendment) 2015

Notices and Guidelines

AML/CFT Amendment Notice to Merchant Banks

Last Modified on 26/11/2016