On 12 January, Regulation Asia reported that the MAS (Monetary Authority of Singapore) on 30 December released Singapore’s Terrorism Financing National Risk Assessment for 2020, outlining key terrorism financing threats and vulnerabilities to the city-state. It found that Singapore continues to be exposed to threats posed by terrorist groups both regionally and internationally, in particular the propensity for individuals in Singapore to be radicalised and influenced to carry out terrorist financing activities. It says that the money remittance sector poses the highest risk of being exploited.
https://www.regulationasia.com/singapore-money-remittance-sector-poses-high-tf-risk-mas/
The risk assessment report is at –
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