Regulatory Alerts2015-12-22
Added
Monetary Authority of Singapore (Freezing of Assets of Persons – South Sudan) Regulations 2015
The Monetary Authority of Singapore issued these regulations to implement asset freezing requirements mandated by UN Security Council Resolutions concerning South Sudan. The regulations are established pursuant to section 27A(1)(b) of the MAS Act and apply to all financial institutions in Singapore. These entities are required to comply with the specified asset freezing obligations to ensure adherence to international sanctions.
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