Notices
Notice FAA-N25 to Licensed Financial Advisers and Specified Exempt Financial Advisers in relation to Cross-Border Arrangements under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021 on Prevention of Money Laundering and Countering the Financing of Terrorism
Requirements for licensed financial advisers and specified exempt financial advisers on anti-money laundering and countering the financing of terrorism (“AML/CFT”) in relation to their cross-border arrangements with Foreign Offices (“FOs”) under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021.
Issued pursuant to:
Monetary Authority of Singapore Act (Cap. 186) section 27B
This notice applies to
- Licensed financial advisers; and
- Capital markets services licensees, banks, merchant banks, finance companies and insurers
that have entered into cross-border arrangements with their FOs to provide any financial advisory service (other than advising others by issuing or promulgating research analyses or research reports) under the FAA.
It sets out the ongoing requirements for these Specified Regulated Entities in relation to their cross-border arrangements to ensure that there are adequate internal policies, procedures and controls, for ensuring that the performance of CDD measures by its FOs, in respect of customers under the arrangements, is consistent with the requirements set out under the relevant AML/CFT Notice applicable to the Specified Regulated Entity.
Amendment Notes
There are no amendment notes for this notice.
Related to this Notice
-
Forms and TemplatesLast Revised Date: 29 September 2022
Form FC – Notification for Change in Particulars to Arrangements with Foreign Related Corporations and/or Foreign Offices notified under the Exemption Regulations
Form for specified capital markets services licensees (“CMSLs”), specified exempt CMSLs, licensed financial advisers and specified exempt financial advisers to notify MAS of their change in particulars to cross-border arrangements notified under the following Exemption Regulations: - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. This form must be submitted not later than 14 days after the date of the change.
-
Forms and TemplatesLast Revised Date: 23 September 2022
Form FR – Annual Declaration for Arrangements with Foreign Related Corporations and/or Foreign Offices notified under the Exemption Regulations
Form for specified capital markets services licensees (“CMSLs”), specified exempt CMSLs, licensed financial advisers and specified exempt financial advisers to submit their annual declaration for cross-border arrangements notified under the following Exemption Regulations: - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. This form must be submitted not later than 5 months from the end of the financial year.
-
Forms and TemplatesLast Revised Date: 23 September 2022
Form FN – Notification for Arrangements with Foreign Related Corporations and/or Foreign Offices under the Exemption Regulations
Form for specified capital markets services licensees (“CMSLs”), specified exempt CMSLs, licensed financial advisers and specified exempt financial advisers to notify MAS of their cross-border arrangements with Foreign Related Corporations or Foreign Offices under the following Exemption Regulations: - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021; - Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021; - Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. This form must be submitted not later than 14 days after the date of commencement of qualifying business under the Exemption Regulations.
-
FAQsLast Revised Date: 02 September 2022
FAQs on the Exemption Frameworks for Cross-Border Business Arrangements of Capital Markets Intermediaries involving Foreign Related Corporations and Foreign Offices
Clarifications on the requirements under the Exemption Frameworks for cross-border business arrangements of capital markets intermediaries involving Foreign Related Corporations and Foreign Offices.
-
NoticesLast Revised Date: 20 April 2022
Notice SFA 04-N02 to Capital Markets Intermediaries on Prevention of Money Laundering and Countering the Financing of Terrorism
Requirements for capital markets intermediaries on anti-money laundering (AML) and countering the financing of terrorism (CFT).
-
NoticesLast Revised Date: 01 March 2022
Notice 626 Prevention of Money Laundering and Countering the Financing of Terrorism – Banks
Requirements for banks on anti-money laundering (AML) and countering the financing of terrorism (CFT).
-
NoticesLast Revised Date: 01 March 2022
Notice FAA-N06 on Prevention of Money Laundering and Countering the Financing of Terrorism - Financial Advisers
Requirements for financial advisers on anti-money laundering (AML) and countering the financing of terrorism (CFT).
-
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.
-
NoticesLast Revised Date: 01 March 2022
Notice 824 on Prevention of Money Laundering and Countering the Financing of Terrorism – Finance Companies
Requirements for finance companies on anti-money laundering (AML) and countering the financing of terrorism (CFT).
-
NoticesLast Revised Date: 01 March 2022
Notice 1014 Prevention of Money Laundering and Countering the Financing of Terrorism – Merchant Banks
Requirements for merchant banks on anti-money laundering (AML) and countering the financing of terrorism (CFT).
-
NoticesPublished Date: 08 October 2021
Notice FAA-N23 on Requirements in relation to Cross-Border Arrangements under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021
Requirements for licensed financial advisers and specified exempt financial advisers in relation to their cross-border arrangements with Foreign Offices (“FOs”) under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021.
-
ConsultationsPublished Date: 12 May 2021
Consultation Paper on Proposed AML Notices for Cross-Border Business Arrangements of Capital Markets Intermediaries under Proposed Exemption Frameworks
This consultation seeks comments on the draft Notices setting out the proposed anti-money laundering and countering the financing of terrorism requirements under both the proposed Branch Framework and notified FRC framework.
- Consultation number:
- P005-2021
- Start date:
- 12 May 2021
- Closing date:
- 11 June 2021
- MAS response date:
- 08 October 2021
- Status:
- Responded