Regulatory Alerts2025-06-30
Added
Guidelines to Notice TCA-N03 on Prevention of Money Laundering and Countering the Financing of Terrorism - Trust Companies
The Monetary Authority of Singapore issued these guidelines to clarify the anti-money laundering and countering the financing of terrorism requirements for licensed trust companies under Notice TCA-N03. The document supersedes previous versions dated 2015 and 2009, with the cancellation taking effect on 1 July 2025. It serves as a companion to the primary notice to ensure trust companies understand and comply with regulatory standards.
Guidelines
Last Revised Date: 30 June 2025
Guidelines to Notice TCA-N03 on Prevention of Money Laundering and Countering the Financing of Terrorism - Trust Companies
Guidelines for trust companies on Notice TCA-N03 on the prevention of money laundering and countering the financing of terrorism.
AML/CFT
Applies to:
Licensed Trust Company
View Document
Guidelines to Notice TCA-N03 on Prevention of Money Laundering and Countering the Financing of Terrorism - Trust Companies
(553.1 KB)
These guidelines provide guidance to all trust companies on the requirements in Notice TCA-N03 to Trust Companies on Prevention of Money Laundering and Countering the Financing of Terrorism . They should be read in conjunction with the notice.
30 June 2025 This Cancellation of Notices (30 June 2025) (84.6 KB) cancels the Guidelines to MAS Notice TCA-N03 on Prevention of Money Laundering and Countering the Financing of Terrorism dated 24 April 2015
with effect from 1 July 2025. [Cancelled]
24 Apr 2015 Previous version dated 24 April 2015 (600.1 KB) [Cancelled]
02 Dec 2009 Previous version dated 02 December 2009 (130.8 KB) [Cancelled]
Requirements for trust companies on anti-money laundering (AML) and countering the financing of terrorism (CFT).
This circular sets out common findings and good practices observed during AML/CFT thematic inspections of licensed trust companies in 2014.
This circular sets out common findings and good practices observed during AML/CFT thematic inspections of licensed trust companies between 2011 to 2013.
This circular sets out common findings and good practices observed during AML/CFT thematic inspections of licensed trust companies between 2007 to 2008.