Targeted Financial Sanctions

MAS gives effect to targeted financial sanctions under the UN Security Council Resolutions (UNSCRs) through MAS regulations issued pursuant to section 27A of the MAS Act . The regulations apply to all financial institutions in Singapore.

Regulations for Targeted Financial Sanctions

Countries on the Watchlist Regulations Date

Democratic Republic of Congo

 
Monetary Authority of Singapore (Freezing of Assets of Persons – Democratic Republic of Congo) Regulations 2006   10 Mar 2006
Eritrea Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons – Eritrea) Regulations 2010 26 Nov 2010
Iran Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons – Iran) Regulations 2016 17 Jun 2016

Democratic People's Republic of Korea

 Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons — Democratic People’s Republic of Korea) Regulations 2016 7 Dec 2018
Libya Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons – Libya) Regulations 2011 21 Apr 2015
Somalia Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons – Somalia) Regulations 2010 26 Nov 2010
South Sudan Monetary Authority of Singapore (Freezing of Assets of Persons – South Sudan) Regulations 2015 22 Dec 2015
Sudan Monetary Authority of Singapore (Freezing of Assets of Persons – Sudan) Regulations 2006 27 Sep 2006
Yemen Monetary Authority of Singapore (Freezing of Assets of Persons – Yemen) Regulations 2015 06 Mar 2015

Terrorism (Suppression of Financing) Act

Terrorism (Suppression of Financing) Act

For more information on terrorist designation and countering the financing of terrorism requirements, please refer to the Ministry of Home Affairs' website: Inter-Ministerial Committee - Terrorist Designation (IMC-TD) .