Regulatory Alerts2021-04-26
Added · Updated
Feedback From Thematic Review of The Use of External Information and Data in Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Systems
The Monetary Authority of Singapore issued this circular to provide feedback from a thematic review on how authorized institutions utilize external information and data within their AML/CFT systems. The document outlines key observations and good practices to help institutions enhance the effectiveness of their anti-money laundering and counter-financing of terrorism controls. It serves as a regulatory guide for all authorized institutions to improve their use of external data sources in compliance with regulatory expectations.
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