Circulars
AMLD 01/2018: Use of MyInfo and CDD Measures for Non Face-to-Face Business Relations
Provides guidance regarding financial institutions' use of MyInfo as a verified source of identification information. Highlights considerations of using non-face to face verification measures.
Applies to:
Full Bank (Branch)
,
Merchant Bank (Branch)
,
Merchant Bank (Locally Incorporated)
,
Full Bank (Locally Incorporated)
,
Wholesale Bank (Branch)
,
Finance Company
,
Wholesale Bank (Locally Incorporated)
,
Direct Insurer (Life)
,
Reinsurer (Life)
,
Approved CIS Trustee
,
Benchmark Administrator/Submitter
,
Central Securities Depository
,
Clearing House
,
Corporate Finance Advisory
,
Credit Rating Agency
,
Dealing in Capital Markets Products
,
Exempt Capital Markets Services Entity
,
Exempt Corporate Finance Adviser Serving Accredited Investors
,
Exempt Futures Broker
,
Exempt OTC Derivatives Broker
,
Foreign Fund Manager
,
Holding Company of Exchange or Clearing House
,
Licensed Fund Management Company
,
Members of Public
,
Markets and Exchanges
,
OTC Counterparties
,
Money Broker
,
Product Financing
,
Providing Custodial Services
,
Registered Business Trust
,
Registered Fund Management Company
,
REIT Management
,
Securities Crowdfunding
,
Venture Capital Fund Management Company
,
Trade Repository
,
Exempt Financial Adviser
,
Exempt Financial Adviser Serving up to 30 Accredited Investors
,
Licensed Financial Adviser
,
Registered Insurance Broker
,
Exempt Insurance Broker
,
Approved Insurance Broker
,
Lloyd's Broker
,
Technology
,
Exempt Trust Company
,
Licensed Trust Company
,
Exempt Person Providing Trust Services
,
Credit/Charge Card Issuer
,
Credit and Charge Card Licensee
,
Designated Payment System Operator
,
Designated Payment System Settlement Institution
,
Standard Payment Institution
,
Major Payment Institution
,
Money-changing Licensee
Related to this Item
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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.