Anti-Money Laundering & Counter Terrorism Financing and Sanctions

Organisations offering designated services are faced with a multitude of money laundering and terrorism financing risks. The Singapore Anti-Money Laundering and Counter Terrorism Financing module not only outlines an organisation's obligations under this area of law, it covers such Acts as the 'Monetary Authority of Singapore Act', 'Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act', 'Terrorism (Suppression of Financing) Act' and over 71 other compliance sources. This module offers practical guidance on the identification, mitigation and the management of their money laundering and terrorism financing risks.

Module Scope:

Core Obligations

Overview
Counter-terrorism financing
AML onboarding and transaction monitoring
MAS Notices and Guidelines
The anti-money laundering regime
Compliance requirements
International regulation and compliance
MAS Enforcement
Customer identification processes

Legal Landscape

Monetary Authority of Singapore Act 1970 (Cap 186)
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 (Cap 65A)
Terrorism (Suppression of Financing) Act 2002 (Cap 325)
Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019
Securities and Futures Act
and 71 other compliance sources

Regulators

- Monetary Authority of Singapore

Webinars

Anti-Money Laundering Webinars | Nigel Pereira

Lionel and Nigel outline the current regulatory landscape as well as upcoming changes to Anti-Money Laundering & Counter Terrorism Finance law in Singapore. They share the latest trends of Anti-Money Laundering law in Singapore and explains what are the main regulators’ key priorities for 2020.

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Legal Expert

Partner, Rajah & Tann Singapore LLP

Lionel Tay

LIONEL TAY has been recognised in several publications as a leading lawyer in insolvency, banking and commercial litigation as well as an authority on cross border asset tracing and investigations, including Asian Legal Business Legal Who’s Who, Chambers Asia Pacific (2008 to 2019), International Financial Review Law Review (2004 to 2010), International Who’s Who (for Insolvency as well as Investigations) 2011 to 2019, The Legal 500 Asia Pacific (2005 to 2019), and Euromoney’s Banking Finance...

Partner, RHTLaw Asia

Nigel Pereira

NIGEL PEREIRA was listed in Who’s Who Legal 2015 and 2019 for Investigations, Who’s Who Legal 2019 for Asset Recovery and “Recommended” by Doyles’ Guide on Leading Singapore Family & Divorce Lawyers in 2015.He is a Certified Fraud Examiner (ACFE), a member of the Chartered Institute pf Arbitrators (CIArb) and INSOL International, and an affiliate of the Society of Trust and Estate Practitioners (STEP). He also holds certification in IT risk, governance, security and computer...