You are here

MAS, CAD partner industry players to fight money laundering and terrorism financing

Monday, April 24, 2017 - 13:32

Monetary Authority of Singapore.jpg
The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force on Monday announced the launch of a government-industry partnership 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 launch of a government-industry partnership to fight money laundering and terrorism financing (ML/TF).

In a joint release, MAS and CAD said selected industry participants, regulators, law enforcement agencies and other government entities will work together to identify, assess and mitigate the key ML/TF risks facing Singapore under the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP).

ACIP will also enhance the detection and mitigation of transnational risks arising from Singapore's position as an international financial centre and trade hub.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom