AMLD 01/2022: Circular on Non-Face-to-Face Customer Due Diligence Measures
This Circular sets out industry good practices observed by MAS and supervisory guidance on the measures to mitigate risks associated with the use of non-face-to-face technologies for customer due diligence.
FIs should read this Circular in conjunction with the relevant AML/CFT Notices and Guidelines in relation to CDD Measures for Non-Face-to-Face Business Relations, as well as MAS’ Circular of 8 January 2018 (AMLD 01/2018) on the use of Myinfo and CDD measures for NFTF business relations .
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Monographs/Information PapersPublished Date: 24 August 2022
Strengthening AML/CFT Practices for External Asset Managers
This information paper follows from a series of anti-money laundering and countering the financing of terrorism (AML/CFT) thematic inspections and engagements conducted by MAS of selected external asset managers. It sets out MAS’ supervisory expectations for effective AML/CFT frameworks and controls and includes good practices and illustrative examples observed.