Guidelines
 Last Revised Date: 30 November 2015

Guidelines to MAS Notice 1014 on Prevention of Money Laundering and Countering the Financing of Terrorism - Merchant Banks

Guidelines for merchant banks on Notice 1014 for the prevention of money laundering and countering the financing of terrorism.
Applies to: Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)
View Document Guidelines to MAS Notice 1014 on Prevention of Money Laundering and Countering the Financing of Terrorism - Merchant Banks (374 KB)

These guidelines apply to all merchant banks incorporated in Singapore. They provide guidance on the requirements in MAS Notice 1014 on Prevention of Money Laundering and Countering the Financing of Terrorism – Merchant Banks. These guidelines should be read in conjunction with the notice.

The guidelines cover:

  • Assessing and applying a risk-based approach.
  • Board and senior management oversight.
  • Internal controls and risk management.

Amendment Notes