Regulatory Alerts2025-06-30
Added
Notice SFA02-N05 to Approved Exchanges and Recognised Market Operators on Prevention of Money Laundering and Countering the Financing of Terrorism
The Monetary Authority of Singapore issued Notice SFA02-N05 to impose anti-money laundering and countering the financing of terrorism requirements on approved exchanges and recognised market operators. The notice mandates that these financial institutions implement robust controls including risk assessment, customer due diligence, record keeping, and suspicious transaction reporting. The latest amendment dated 30 June 2025 takes effect on 1 July 2025, following a public consultation process that concluded in April 2024.