Anti-Money Laundering (AML) / Countering the financing of Terrorism (CFT)

Learn more about the different projects we offer and its details such as pre-requisites, duration, deliverables, etc.
(CLOSED) ML/TF risks posed by Decentralised Finance (DeFi) and other tokenised products and services
Department Anti-Money Laundering Department
Preferred internship window  Summer Internship: May to August 2022 
Description of Project The learnings from this project would serve to enrich MAS' supervisory expertise about the ML/TF risks posed by digital assets - including tokenised products/assets, as well as DeFi business/operating models.
Expected deliverables for the project Research deck to brief colleagues on:
1. DeFi business models and relevant participants in the ecosystem (with a few case studies), how they are regulated in other jurisdictions, and preliminary analysis of the ML/TF risks and typologies that have arised/may arise from DeFi, and identification of red flag indicators.
2. Non-Fungible Tokens (NFT) and other tokenised assets – what they are, how they are regulated in other jurisdictions, and the potential ML/TF risks.
3. Stablecoins – how they are regulated in other jurisdictions, and the potential ML/TF risks.
Experience and/or skills that the intern(s) may gain from the internship  Through this internship, the intern will be able to glean a good understanding of MAS’ AML/CFT regulatory framework for virtual assets and virtual asset service providers. The risk analysis performed by the intern may also serve to inform AMLD’s surveillance and/or supervisory approach where relevant.
Pre-requisites preferred from the intern(s)  Ideal if the intern has some familiarity with topics mentioned, or has a passion for learning and exploring more about virtual assets and decentralised finance at large.
Other Job Functions  Decentralised Finance (DeFi), Crytocurrencies 
Keywords related to the project AML/CFT, Virtual Assets, Decentralised Finance, Cryptocurrencies, Risk analysis
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Assessing ML/TF risks and controls of payment service providers and digital payment token service providers
Department Anti-Money Laundering Department
Preferred internship window  Summer Internship: May to August 2022 
Description of Project The project will require research into the current/emerging money laundering/terrorism financing (ML/TF) risks posed by payment service providers and digital payment token service providers (DPTSPs) in Singapore, and will also include an assessment of the controls they have to mitigate these risks.
Expected deliverables for the project A report and presentation on the above-mentioned topic.
Experience and/or skills that the intern(s) may gain from the internship  The intern will gain familiarity with MAS’ supervisory expectations for anti-money laundering/countering the financing of terrorism, in particular as applied to the emerging sector of payment service and DPTSPs. The intern will also be exposed to how MAS approaches surveillance and supervision for these entities.
Pre-requisites preferred from the intern(s)  Interest in AML/CFT supervision and new payment technologies, including DPTs.
Other Job Functions  Digital Payments, FinTech
Keywords related to the project Anti-Money Laundering Surveillance, Payment Service Providers, Virtual assets, Fintech
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.