Regulatory Alerts2025-06-30
Added
Guidelines to Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks
The Monetary Authority of Singapore issued these guidelines to provide detailed operational guidance to all banks on complying with Notice 626 regarding anti-money laundering and countering the financing of terrorism. The document outlines specific regulatory requirements that financial institutions must implement to prevent illicit financial activities and ensure robust compliance frameworks. It serves as the authoritative reference for banks, including full and wholesale entities, to align their internal controls with the mandated standards effective from its latest revision on 30 June 2025.
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