Singapore Has Strong Framework For Combatting Money Laundering And Terrorism Financing - But Has Room For Improvement In Specific Areas

The Financial Action Task Force (FATF) has assessed that Singapore has a strong framework for anti-money laundering and countering the financing of terrorism (AML/CFT). This is Singapore’s first assessment since the FATF Standards were enhanced in 2012 to counter the increasing threat posed by money laundering and terrorism financing (ML/TF).