21 May 2015   

Singapore enjoys a trusted reputation as an international financial and business centre with a robust regulatory framework against money laundering and terrorist financing.

Dealing with money laundering and terrorist financing requires a national response. While there are strong anti-money laundering (AML)/ countering the financing of terrorism (CFT) controls in place for the financial sector, an effective regime requires the participation of non-financial stakeholders as well. The Financial Action Task Force (FATF) standards were also recently tightened, with a new focus on lawyers, accountants and corporate service providers (CSPs).

Read more in this article published in the May issue of the IS Chartered Accountant Journal. Click on article to read: