42 results found

Singapore, known for its fiercely guarded reputation as a global financial hub and growing asset management centre...

The Monetary Authority of Singapore ("MAS") has on 11 February 2021 published Notice PSN01AA on Prevention of Money Laundering and Countering the Financing of Terrorism.

As global money laundering and terrorism financing (ML/TF) schemes become increasingly sophisticated, Managing Director of our Singapore office...

On 16 January 2018, the Monetary Authority of Singapore ("MAS") issued a consultation paper inviting comments on its proposal to amend anti-money laundering ...

This is a useful guide to the policy considerations behind AML legislation and a bank's duty to abide by legislation.

The Monetary Authority of Singapore (MAS) issued, on 8 April, a consultation paper in respect of proposed amendments to its anti-money laundering and countering...

As part of the ongoing fight against the illicit flow of funds across borders, recent regulatory revisions from the Monetary Authority of Singapore ("MAS") have put proliferation financing ("PF") in the spotlight.

On 14 January 2019, the Payment Services Act 2019 ("PS Act"), which will consolidate the existing regimes governing the provision of payment services in Singapore and bring certain unregulated

The Monetary Authority of Singapore and the Commercial Affairs Department of the Singapore Police Force will set up a partnership with industry and regulators to fight money laundering and terrorism financing.

Since its enactment in 1967, the Companies Act of Singapore has undergone several reviews to ensure that the corporate regulatory regime is robust and supports Singapore's growth as a global hub for business and investors.

This week, for the first time in more than 30 years, the Monetary Authority of Singapore (known as the MAS) has shut down an international bank's operations in Singapore.

A recent move by the Monetary Authority of Singapore (MAS) has illustrated that the costs of non-compliance with anti-money laundering (AML) requirements can be as severe as the revocation of a banking license. This serves as a stark reminder to global financial institutions of their AML responsibilities.

The Singapore parliament approved the Anti-Money Laundering and Other Matters (AMLOM) Bill at second reading 6 August. The new Bill is designed to align Singapore's AML/CFT framework with international standards.

A tough stance against financial crime is necessary to protect Singapore's reputation as a clean and trusted financial centre.

The Monetary Authority of Singapore has on 12 May 2021 published a consultation paper relating to draft Notices setting out proposed AML/CFT requirements under the proposed notification frameworks for cross-border business arrangements ...

In November 2018, the Serious Crimes and Counter-Terrorism (Miscellaneous Amendments) Bill was read for the second time and passed by the Singapore Parliament.

MAS generally expects financial institutions to have in place processes to effectively detect and manage sanctions-related risks.