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MAS issues AML/CTF circular for VCC companies

Circulars Published Date: 13 September 2022 Circular on Enhancing Anti-Money Laundering and Countering the Financing of Terrorism Controls in the VCC Sector MAS conducted an industry-wide survey of Variable Capital Companies (VCCs) and a series of thematic engagements of eligible financial institutions (EFIs) to assess the effectiveness of their AML/CFT […]

MAS issues AML/CFT information paper for asset managers

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 […]

Singapore Sanctions Resource

On the Monetary Authority of Singapore (MAS) website, there is a Targeted Financial Sanctions page. The first major section of it is a list of all their sanctions programs – listing the relevant Singaporean laws and/or regulations, a link to the corresponding United Nations Security Council Sanctions Committee’s Sanctions Materials […]

New AML Notices and Consultations from Singapore

Consultations Consultation Paper on Proposed New AML/CFT Notice for Precious Stones and Precious Metals Activities and Updates to AML/CFT NoticesThis consultation paper seeks views on MAS’ proposals to issue a new AML/CFT Notice for financial institutions in the conduct of their operations and business activities in precious stones, precious metals […]

MAS wants your views on AML requirements for corporate finance advisors

ConsultationsPublished Date: 15 December 2021 Consultation Paper on Introduction of Due Diligence Requirements for Corporate Finance Advisers This consultation seeks views on MAS’ proposal to introduce due diligence requirements for corporate finance advisers when they advise on corporate finance transactions, with additional requirements when advising on initial public offerings. Consultation […]