Regulatory Alerts2025-06-30
Added
Notice SFA 04-N02 to Capital Markets Intermediaries on Prevention of Money Laundering and Countering the Financing of Terrorism
The Monetary Authority of Singapore issues Notice SFA 04-N02 to mandate robust anti-money laundering and countering the financing of terrorism controls for capital markets intermediaries. The notice requires licensees to implement comprehensive risk assessments, customer due diligence, suspicious transaction reporting, and record-keeping procedures to detect illicit fund flows. It further specifies AML/CFT obligations for cross-border arrangements with foreign offices and related corporations under relevant 2021 exemption regulations.