Countering Terrorist Financing

Anti-money laundering

MAS imposes $2.5 mil penalty on Swiss-Asia Financial Services for AML and CFT breaches

In its May 7 statement, MAS says the company has taken the “necessary remedial actions” to address the deficiencies identified.

Singapore lauded by anti-money laundering global taskforce but more could be done, says FATF

SINGAPORE (Sept 27): Financial Action Task Force (FATF), the global body that monitors money laundering and terrorist financing, has lauded Singapore for its efforts in combating these crimes.
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