Guidelines
Guidelines to MAS Notice 314 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism – Life Insurers
Guidelines for direct life insurers on the requirements in MAS Notice 314 on Prevention of Money Laundering and Countering the Financing of Terrorism, in relation to their life policies.
These guidelines apply to all direct life insurers in relation to their life policies.
It provides insurers with guidance on the requirements in MAS Notice 314 on Prevention of Money Laundering and Countering the Financing of Terrorism. These guidelines should be read in conjunction with the Notice.
Amendment Notes
- 24 Apr 2015
- Previous version dated 24 Apr 2015 (586.8 KB) [Cancelled]
Related to this Item
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NoticesLast Revised Date: 01 March 2022
Notice 314 Prevention of Money Laundering and Countering the Financing of Terrorism – Life Insurers
Requirements for direct life insurers to exercise due diligence and conduct their business with high ethical standards, to guard against money laundering and terrorism financing.
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FAQsPublished Date: 29 November 2019
FAQ on MAS Guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism - Direct General Insurance Business, Reinsurance Business, and Direct Life Insurance Business (Accident & Health Policies)
Provides clarifications to some frequently asked questions on MAS Guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism - Direct General Insurance Business, Reinsurance Business, and Direct Life Insurance Business (Accident & Health Policies)
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GuidelinesPublished Date: 13 May 2019
Guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism - Direct General Insurance Business, Reinsurance Business, and Direct Life Insurance Business (Accident & Health Policies)
Guidelines on processes and controls to prevent money laundering and countering the financing of terrorism, in relation to general insurance and reinsurance business as well as business related to accident and health policies.
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GuidancePublished Date: 29 May 2015
Direct Life Insurers - Guidance on AML/CFT Controls
Guidance to direct life insurers on strengthening their controls for preventing money laundering and terrorism financing. The observations were drawn from MAS’ review of the AML/CFT practices of insurers.
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NoticesPublished Date: 23 January 2013
Notice 123 Reporting of Suspicious Activities and Incidents of Fraud
Requirements for insurers to report suspicious activities and incidents of fraud.
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GuidelinesPublished 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.