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anti-money laundering and countering the financing of terrorism (AML/CFT)
Anti-money laundering
Wait time for tax incentive applications to be shortened, banks’ AML rules to be standardised: MAS
Financial institutions “with material nexus to” the money laundering case may soon face punitive measures, says MAS.
July 18, 2024
Management & Corporate Governance
MAS to bank on tech, collaboration to fight money laundering and terrorism financing
SINGAPORE (July 18): The fight against money laundering and terrorism financing will continue to be a priority for Singapore as an international financial centre and trading hub, according to the Monetary Authority of Singapore (MAS).
July 18, 2018
StanChart entities fined $6.4 mil for anti-money laundering and counter terrorism financing breaches
SINGAPORE (Mar 19): The Monetary Authority of Singapore (MAS) has imposed penalties totalling $6.4 million on two Standard Chartered entities in Singapore for the breach of the central bank’s anti-money laundering and countering the financing of terrori
March 19, 2018