Region

Jurisdiction

Regulator

2020-04-07

Added 2026-06-21 · Updated 2026-07-10

Coronavirus disease (COVID-19) and Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) measures

The Monetary Authority of Singapore issued this circular on April 7, 2020, to guide authorized institutions on maintaining effective Anti-Money Laundering and Counter-Financing of Terrorism controls during the pandemic. It requires financial institutions to adapt their risk assessment frameworks and customer due diligence procedures to address the specific challenges and increased risks associated with the coronavirus disease outbreak. The guidance emphasizes the importance of leveraging technology and regulatory tools to ensure compliance while managing operational disruptions caused by the public health crisis.

Hong Kong

Hong Kong Monetary Authority

CIR

Current

Issue Date:

07 Apr 2020

20200407-2-EN.pdf (128.7 KB)

Topic:

AML & CFT - AML/CFT Controls

Fintech - Regtech

Miscellaneous - Covid-19 challenges

Group:

All Authorized Institutions

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