Guidelines
 Published Date: 06 September 2011

Guidelines for Financial Institutions to Safeguard the Integrity of Singapore's Financial System

Guidelines for financial institutions on safeguarding the integrity of Singapore's financial system, including the filing of Suspicious Transaction Reports.
Applies to: Approved CIS Trustee , Exempt Trust Company , Licensed Trust Company , Exempt Person Providing Trust Services , Dealing in Capital Markets Products , Product Financing , Registered Fund Management Company , Venture Capital Fund Management Company , Corporate Finance Advisory , Licensed Fund Management Company , REIT Management , Credit Rating Agency , Securities Crowdfunding , Exempt Corporate Finance Adviser Serving Accredited Investors , Exempt Futures Broker , Exempt OTC Derivatives Broker , Providing Custodial Services , Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) , Finance Company , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch) , Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite) , Reinsurer (Life) , Reinsurer (General) , Reinsurer (Composite) , Captive Insurer , Lloyd's Asia Scheme , Financial Holding Company (Insurance) , Registered Insurance Broker , Exempt Insurance Broker , Approved Insurance Broker , Markets and Exchanges , Clearing House , Benchmark Administrator/Submitter , Holding Company of Exchange or Clearing House , Central Securities Depository , Trade Repository , Credit/Charge Card Issuer
View Document Guidelines for Financial Institutions to Safeguard the Integrity of Singapore's Financial System (81.3 KB)

These guidelines apply to all financial institutions (FIs) in Singapore. They reiterate Singapore's commitment to safeguarding the integrity of its financial system.

FIs should guard against the use of their operations to facilitate any illegitimate activity. If they have reason to suspect that any asset transfers into Singapore are illegitimate, they should file Suspicious Transaction Reports, and where appropriate, discontinue the business relationship.