Monographs/Information PapersPublished Date: 24 August 2022
Strengthening AML/CFT Practices for External Asset Managers
This information paper follows from a series of anti-money laundering and countering the financing of terrorism (AML/CFT) thematic inspections and engagements conducted by MAS of selected external asset managers. It sets out MAS’ supervisory expectations for effective AML/CFT frameworks and controls and includes good practices and illustrative examples observed.
The paper includes major sections on governance, risk assessment, due diligence (both CDD – customer due diligence – and EDD – enhanced due diligence), and suspicious transaction reporting.
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Categories: Anti-Money Laundering Best Practices Guidance MAS Updates
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