Compliance Insight – July 2025
In the last weeks, the Monetary Authority of Singapore (“MAS”) published several updates, most importantly it published the amended Notice SFA 04-N02 to Capital Markets Intermediaries on Prevention of Money Laundering and Countering the Financing of Terrorism (“SFA04-N02”) and Guidelines to Notice SFA 04-N02 on Prevention of Money Laundering and Countering the Financing of Terrorism - Capital Markets Intermediaries (“Guidelines on SFA04-N02”).