SINGAPORE (Oct 30): Singapore has published its 32-page national anti-money laundering (AML) strategy, as part of continuing efforts to maintain the effectiveness of its anti money-laundering (ML) in the country.
The strategy, jointly-produced by the Ministry of Home Affairs (MHA), the Ministry of Finance (MOF), and the Money Authority of Singapore (MAS), outlines the strategic approach to address ML risks, and guides risk-targeted actions amid rapidly changing risks and criminal typologies.
It highlights three key pillars — the prevention of crime from entering and misusing Singapore’s system, the detecting and identifying of...(click on link for full story on theedgesingapore.com)