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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 […]