DNFBPs Applicable AML/CFT Legislation for Singapore

By ·

SG DBFBPs Legislation
You are here:
DNFBPRegulatorApplicable Legislation in Singapore
Casino operatorsCasino Regulatory AuthorityCasino Control Act
Casino Control (Prevention of Money Laundering and Terrorist Financing) Regulations 2009
Corporate service providersAccounting and Corporate Regulatory Authority (ACRA)Accounting and Corporate Regulatory Authority (Filing Agents and Qualified Individuals) Regulations 2015
Guidelines for Registered Filing Agents
Dealers in precious metals and stonesSingapore Police Force (CAD)Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act
Corruption, Drug Trafficking and Other Serious Crimes (Cash Transaction Reports) Regulations 2014
LawyersThe Law Society of SingaporeLegal Profession Act
Legal Profession (Professional Conduct) Rules
Law Society Council’s Practice Direction 1 of 2008 on the Prevention of Money Laundering and the Funding of Terrorist Activities
PawnbrokersInsolvency and Public Trustee’s OfficePawnbrokers Act 2015
Public accountantsACRAThe Institute of Singapore Chartered Accountants’ (ISCA) Ethics Pronouncement 200: ‘Anti-Money Laundering and Countering the Financing of Terrorism – Requirements and Guidelines for Professional Accountants in Singapore’
Real estate agents and salespersonsCouncil for Estate AgenciesPractice Circular on the Prevention of Money Laundering and Countering the Financing of Terrorism

Related Post

 Three Lines of Defence As a general rule and in the context of AML/CFT, the business units (eg front office, customer-facing activity) are the first line of defence in charge of identifying, assessing and controlling the risks of their business. They should know and carry out the policies and procedures and be allotted su...
 Singapore – Updates to the Companies Act On the 10th March 2017, Singapore's Parliament passed changes to the Companies Act to help supplement its fight against money laundering and terrorist financing (ML and TF).To ensure transparency and better governance, companies must now maintain a register that lists out their beneficial owner'...
 Hong Kong launches new Fraud and Money Laundering Intelligence Taskforce (FMLIT) Hong Kong - The Hong Kong Police Force (HKPF) in collaboration with the Hong Kong Monetary Authority (HKMA), the Hong Kong Association of Banks (HKAB) and several banks launched a 12-month pilot project named the Fraud and Money Laundering Intelligence Taskforce (FMLIT) to further enhance the detect...

About JX Low

Editor · Dip(AML)

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Be the first to know
We hate spam as much as you do