SINGAPORE: Singapore released its National Anti-Money Laundering Strategy today, marking a significant step in the city-state’s commitment to maintaining the efficacy and resilience of its AML framew
ork.
As a trusted international financial hub, Singapore enforces a strict anti-money laundering stance to protect its financial systems from criminal misuse while fostering an open environment for legitimate investments and business operations. The National AML Strategy emphasizes three primary pillars: preventing illicit proceeds from infiltrating Singapore’s financial systems, detecting illegal transactions, ensuring swift action for effective disruption, containment, and enforcement, and enforcing strong deterrent measures against individuals or entities that exploit Singapore’s systems for money laundering.
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