Featured Reports
National Anti-Money Laundering Strategy
Topics
Anti-Money Laundering
30 October 2024
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Singapore’s National Anti-Money Laundering (AML) Strategy sets out the strategic approach to address money laundering (ML) risks and will guide our risk-targeted actions to combat ML amidst rapidly changing risks, trends and criminal typologies.
The full report is available for download here.
About the Report
Combatting ML is of national importance to Singapore. Maintaining an effective AML framework protects Singapore’s system from illegal activities and illicit asset fund flows and reinforces Singapore’s reputation as a trusted international financial centre and business hub. The National AML Strategy takes into account Singapore’s updated Money Laundering National Risk Assessment which synthesised observations on ML risks over the years, as well as other risk assessments and reviews developed to enhance Singapore’s risks understanding and risk mitigation measures. It guides Singapore’s continuous efforts to strengthen our AML framework, and support risk-based and proportionate measures against ML activities in Singapore.