MAS conducted thematic inspections on the AML/CFT name screening frameworks and processes of selected financial institutions in 2021. The paper sets out MAS’ supervisory expectations and good practices, areas for improvement, and illustrative examples observed from the inspections. Financial institutions should benchmark themselves against the supervisory expectations and good practices in the paper.

This Monograph outlines the approach that the Monetary Authority of Singapore (“MAS”) takes towards enforcement, the role that enforcement plays in the wider objective of financial industry oversight and the key areas of MAS’ enforcement practice and powers across the financial industry.

The MAS Enforcement Report sets out the enforcement actions taken by MAS for the reporting period of July 2020 to December 2021. The report also gives an update on the progress of MAS' enforcement priorities for 2020/2021 and outlines MAS’ key enforcement priorities for 2022/2023.