Regulatory Alerts2025-06-30
Added
Notice SFA 13-N01 to Approved Trustees on Prevention of Money Laundering and Countering the Financing of Terrorism
The Monetary Authority of Singapore issued Notice SFA 13-N01 to impose anti-money laundering and countering the financing of terrorism requirements on approved collective investment scheme trustees. The notice mandates robust controls including risk assessment, customer due diligence, reliance on third parties, record keeping, and the reporting of suspicious transactions. It further requires approved trustees to maintain internal policies, compliance frameworks, audit procedures, and training programs to detect and deter illicit fund flows.