The Monetary Authority of Singapore (MAS) on Monday launched a new oversight body to aid its efforts in combatting money laundering and terrorism financing. The Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) is a government-industry partnership involving the Commercial Affairs Department (CAD) of the Singapore Police Force and eight major banks, including DBS, UOB, OCBC, Citibank,…
MAS gets tough on AML, launches partnership with local police
