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,…
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