Compliance (AML | CFT | CPF)

Compliance

Guidelines for Licensed Moneylenders

To access the guide, please click here

Red Flag Indicators

Click here to view the list of red flag indicators.

AML/CFT/CPF Resources

1. Monetary Authority of Singapore’s (“MAS”) website - Lists of Designated Individuals and Entities

MAS publishes lists of individuals and entities designated under the United Nations Act (“UN Act”) and the Terrorism (Suppression of Financing) Act (“TSOFA”). Licensed moneylenders should subscribe to the MAS mailing list to receive updated lists of designated individuals and entities. Licensed moneylenders are required to screen their customers against the lists before engaging in any business or commercial activity with them.

You may refer to the MAS Website Subscriber Services Guide for a step-by-step guide to the subscription process.

2. Inter-Ministry Committee on Terrorist Designation (“IMC-TD”)

The IMC-TD acts as Singapore’s authority relating to the designation of terrorists. This prohibits any person/ entity from dealing with or providing any financial assistance to designated subjects, as required under the TSOFA.

On MHA’s website on IMC-TD, you will find information on counter terrorism financing legislation, IMC-TD’s process of designation, and relevant news articles.

To find out more about your obligations as a licensed moneylender on countering terrorism financing, please click here.

3. AML/CFT/CPF Resources

4. ML/TF/PF/Virtual Assets National Risk Assessment