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Govt-industry team to tackle terror financing, money laundering

MAS and CAD will co-chair a steering group to identify key risk areas. MAS to step up use of data analytics

Published Mon, Apr 24, 2017 · 09:50 PM

Singapore

THE government is teaming up with industry to fight money laundering and terrorism financing (ML/TF).

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force on Monday announced the set-up of the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP).

In a joint statement, MAS and CAD said selected industry participants, regulators, law enforcement agencies and government entities will work together to identify, assess and m…

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