Taking into account the findings of the Terrorism Financing (TF) National Risk Assessment (NRA) 2024, Singapore refreshed our National Strategy for Countering the Financing of Terrorism (CFT), which was launched in 2022. The National CFT Strategy forms the blueprint that outlines Singapore’s national approach to address our TF risks and serves as the roadmap to guide the development of future action plans to effectively prevent, detect, investigate, and enforce against TF. It also enhances the coordination of actions across law enforcement agencies, policy makers, regulators and supervisors, and as appropriate, the private sector, in Singapore. 

Singapore will implement the refreshed five-pronged National Strategy for CFT:

a. Coordinated and Comprehensive Risk Identification;
b. Strong Legal and Sanctions Frameworks;
c. Robust Regulatory Regimes;
d. Decisive Enforcement Actions; and
e. International Partnerships and Cooperation.