Policy on Anti-Money Laundering and Countering the Financing of Terrorism


Singapore adopts a whole-of-government approach to combating money laundering (ML) and terrorism financing (TF).

The effort is led by the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Steering Committee, comprising the Permanent Secretary of the Ministry of Home Affairs, Permanent Secretary of the Ministry of Finance and Managing Director of the Monetary Authority of Singapore.

 

Singapore's AML/CFT policy objectives are to:

 

The AML/CFT efforts are centred on:

 

To achieve the policy objectives, Singapore follows these principles: