Singapore needs to strengthen its anti-money laundering (AML) processes to tackle complex cases as “moderate gaps remain”, according to a recent report published by a global watchdog. While the city-state’s financial institutions demonstrate a “reasonably good understanding of ML risks impacting Singapore domestic clients”, the Financial Action Task Force (FATF) – an independent intergovernmental body that develops and promotes policies…
Have a confidential tip? Get in touch [email protected]