Published Date: 15 July 2014

Consultation Paper on Proposed Amendments to the Monetary Authority of Singapore Notices to Financial Institutions on Prevention of Money Laundering and Countering the Financing of Terrorism

MAS proposed amendments to its notices to financial institutions (FIs) on anti-money laundering and countering the financing of terrorism (AML/CFT). The proposed amendments draw reference from international best practices and the latest recommendations of the Financial Action Task Force (FATF), the global standard-setter for measures to combat money laundering (ML), terrorist financing (TF), and the financing of proliferation. Many of the proposed changes formalise existing supervisory expectations and practices of FIs.
Consultation Number:
P009 - 2014
Start Date:
15 July 2014
Closing Date:
14 August 2014
MAS Response Date:
24 April 2015
Response date: 24 Apr 2015
The consultation response was published on 24 April 2015.