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.
Guidelines
Last Revised Date: 30 June 2025
Guidelines to Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks
Guidelines for banks on Notice 626 for the prevention of money laundering and countering the financing of terrorism.
AML/CFT
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Document
Guidelines to Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks
(631 KB)
These guidelines provide guidance to all banks on the requirements in Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism – Banks . They should be read in conjunction with the notice.
30 Jun 2025 Previous version dated 18 October 2024
is revised.
18 Oct 2024 Guidelines to Notice 626 dated 28 March 2024 is revised. [Amendments] (601.4 KB)
28 Mar 2024 This MAS Notice 626 (Cancellation) Notice 2024 (106.7 KB) cancels the Guidelines to MAS Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism dated 24 April 2015 (349 KB) with effect from 1 Apr 2024.
24 Apr 2015 Previous version dated 24 Apr 2015 (605.4 KB) [Cancelled]
02 Dec 2009 Previous version dated 02 December 2009 (162.8 KB) [Cancelled]
Requirements for banks on anti-money laundering (AML) and countering the financing of terrorism (CFT).