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MAS will not tighten wealth industry’s AML requirements further

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), does not intend to tighten anti-money laundering (AML) requirements further but will instead focus on implementing the standards already in place more evenly across the industry, it said in a recent media briefing. “The money laundering case of the past year has not changed our growth trajectory, nor our position on…

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