Singapore: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2009/066, IMF Staff Country Reports from International Monetary Fund

Abstract: Singapore’s compliance with the Observance of Standards and Codes on Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is reviewed. Singapore’s AML/CFT efforts are centered on having a sound and comprehensive legal, institutional, policy and supervisory framework, maintaining a low domestic crime rate, fostering intolerance for domestic corruption, and ensuring an efficient judiciary. Singapore has systematically taken steps to address many of the recommendations that have been made in its second FATF mutual evaluation in 1998–99.

Keywords: ISCR; CR; Singapore; AML; CFT; offence; CFT measure; predicate offence; CFT obligation; CFT system; CFT inspection; CFT counter-measure; CFT oversight mechanism; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; East Asia; South Asia (search for similar items in EconPapers)
Pages: 24
Date: 2009-02-20
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