Regulatory Alerts2025-06-30
Added
Notice TCA-N03 Prevention of Money Laundering and Countering the Financing of Terrorism - Trust Companies
The Monetary Authority of Singapore issued Notice TCA-N03 to establish anti-money laundering and countering the financing of terrorism requirements for licensed trust companies. The notice mandates robust controls including risk assessment, customer due diligence, record keeping, and the reporting of suspicious transactions. It serves as the primary regulatory framework for ensuring trust companies detect and deter illicit fund flows within Singapore's financial system.