Singapore: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

February 20, 2009

Preview Citation

Format: Chicago

Singapore: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2009) accessed December 26, 2024

Summary

Singapore’s compliance with the Observance of Standards and Codes on Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is reviewed. Singapore’s AML/CFT efforts are centered on having a sound and comprehensive legal, institutional, policy and supervisory framework, maintaining a low domestic crime rate, fostering intolerance for domestic corruption, and ensuring an efficient judiciary. Singapore has systematically taken steps to address many of the recommendations that have been made in its second FATF mutual evaluation in 1998–99.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: AML, Anti-money laundering and combating the financing of terrorism (AML/CFT), CFT, CFT counter-measure, CFT inspection, CFT measure, CFT obligation, CFT oversight mechanism, CFT system, CR, East Asia, ISCR, Legal support in revenue administration, Money laundering, Offence, Predicate offence, Singapore, South Asia, Terrorism financing

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/066
Stock No:

1SGPEA2009001
ISBN:

9781451834291
ISSN:

1934-7685

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