SINGAPORE: STRENGTHENING AML/CFT PRACTICES FOR EXTERNAL ASSET MANAGERS

On 24 August, the Monetary Authority of Singapore issued an information paper which follows from a series of AML/CFT thematic inspections and engagements conducted by MAS.  It sets out MAS’ supervisory expectations for effective AML/CFT frameworks and controls and includes good practices and illustrative examples observed.

https://www.mas.gov.sg/-/media/MAS-Media-Library/publications/monographs-or-information-paper/CMI1/2022/Strengthening-AML_CFT-Practices-for-External-Asset-Managers.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017