Singapore to get tougher on AML rules

Singapore - Singapore looks set to tighten up its anti money laundering and countering the terrorism of finance (AML/CFT) regulations by establishing a more stringent set of customer due diligence (CDD) requirements to ensure customers are who they say they are.

The Monetary Authority of Singapore (MAS) outlined the changes last month in a draft notice to banks, finance companies, life insurers, capital markets intermediaries and trust companies. In the statement, the MAS proposes: "A more

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here