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Notices
 Last Revised Date: 30 June 2025

Notice SFA02-N05 to Approved Exchanges and Recognised Market Operators on Prevention of Money Laundering and Countering the Financing of Terrorism

Requirements for approved exchanges and recognised market operators on anti-money laundering (AML) and countering the financing of terrorism (CFT).
Applies to: Capital Markets Services , Markets and Exchanges
View Notice Notice SFA02-N05 to Approved Exchanges and Recognised Market Operators on Prevention of Money Laundering and Countering the Financing of Terrorism (328.1 KB)

Financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for financial institutions to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious transaction.

The AML/CFT requirements for approved exchanges and recognised market operators can be found in this notice, which includes the following:

  • Risk assessment and risk mitigation
  • Customer due diligence
  • Reliance on third parties
  • Record keeping
  • Suspicious transaction reporting
  • Internal policies, compliance, audit and training

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Amendment Notes

30 June 2025
(328.1 KB) MAS Notice SFA02-N05 (Amendment) dated 30 June 2025 takes effect on 1 July 2025.