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Consultation Paper on Draft Guidelines to Notices on Prevention of Money Laundering and Countering the Financing of Terrorism
Posted on Monday, August 28, 2006 - 05:00 PM

The Monetary Authority of Singapore (MAS) issued a Consultation Paper on draft Notices on Prevention of Money Laundering and Countering the Financing of Terrorism on 4 August 2006. These Notices cover nine financial sectors – banks, finance companies, merchant banks, money changers and remitters, life insurers, capital markets intermediaries, financial advisers, approved trustees and trust companies. Guidelines have been prepared to supplement the draft Notices and hence should be read in conjunction with the respective draft Notices. The objective of this set of Guidelines is to provide further guidance on the requirements set out in the draft Notices.

MAS invites interested parties to provide views and comments on the draft Guidelines. All respondents should note that submissions received by MAS may be made public unless confidentiality is expressly requested in respect of all or any part of the submission.

Submissions in electronic form (Microsoft Word) are strongly preferred, and should be sent via e-mail to the following address: aml@mas.gov.sg

In the alternative, submissions in hard copy format may be delivered by post to:
AML/CFT Policy Unit
External Department
Monetary Authority of Singapore
10 Shenton Way, MAS Building
Singapore 079117
All submissions should be made by 27 September 2006.

Details can be found at www.mas.gov.sg .

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