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Monographs/Information Papers
 Published Date: 26 June 2024

National Asset Recovery Strategy

Singapore’s National Asset Recovery Strategy sets out our comprehensive approach towards the recovery of illicit funds and assets from criminals, and the forfeiture of these assets or their return to victims.

Asset recovery is one of the key pillars of Singapore’s anti-money laundering (AML) regime. It seeks to deter the flow of illicit assets into and through Singapore’s financial ecosystem, while remaining welcoming to legitimate businesses.
View Document National Asset Recovery Strategy (5.83 MB)

Singapore’s National Asset Recovery Strategy focuses on four pillars, namely to:

  1. Detect suspicious and criminal activities by tracing the illicit funds;
  2. Deprive criminals of their ill-gotten proceeds through prompt seizure and confiscation;
  3. Deliver maximum recovery of assets for forfeiture and restitution to victims; and
  4. Deter criminals from using Singapore to hide, move, or enjoy their illicit assets.

 

Additional Document