National Strategy for Countering the Financing of Terrorism
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.
Related Publications
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Monographs/Information PapersPublished Date: 31 July 2024
Information Paper on Good Practices for Licensed and Exempt Financial Advisers
Information on the good practices of financial advisers in the areas of advisory and sales process, recruitment, training and competency of representatives, complaints handling and compliance function.
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Monographs/Information PapersPublished Date: 01 July 2024
Terrorism Financing National Risk Assessment
The updated 2024 Terrorism Financing (TF) National Risk Assessment (NRA) articulates the latest TF threats and vulnerable sectors in Singapore. It takes into account key developments since the last TF NRA in 2020 , such as the evolving global and regional terrorism landscape, growth of the digital economy and financial...
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Monographs/Information PapersPublished Date: 27 June 2024
Global Layer 1 (GL1) Whitepaper
The Global Layer One (GL1) initiative explores the development of a multi-purpose, shared ledger infrastructure based on Distributed Ledger Technology (DLT) that is envisioned to be developed by regulated financial institutions for the financial industry. This paper introduces the GL1 initiative and discusses the role...