Regulatory Alerts2025-06-30
Added
Notice SFA 03AA-N01 to the Depository on Prevention of Money Laundering and Countering the Financing of Terrorism
The Monetary Authority of Singapore issued Notice SFA 03AA-N01 to impose anti-money laundering and countering the financing of terrorism requirements on the Central Securities Depository. The notice mandates robust controls including risk assessment, customer due diligence, record keeping, and the reporting of suspicious transactions to deter illicit fund flows. This regulatory framework supersedes previous versions effective from 1 July 2025 to ensure financial institutions maintain rigorous compliance standards.