Synopsis:
In this fireside chat, speakers from Allen & Gledhill share recent developments in Singapore’s fight against money laundering, including the conclusion of enforcement actions taken by the Monetary Authority of Singapore (“MAS”). This is in relation to the major $3 billion money laundering case and the imposition of composition penalties against five major payment institutions licensed to provide cross-border money transfer services.
The speakers also discuss recent revisions to AML / CFT notices and guidelines for financial institutions, and the dual role that legislation and enforcement action play in combatting money laundering in Singapore.
Intended For:
Competency Mapping:
Partner, Allen & Gledhill LLP; Chairman, Board of the SAS-SBF Foundation of Compassion Fund; Accredited Mediator, Singapore Mediation Centre
Partner, Allen & Gledhill LLP; Member, Law Society Anti-Money Laundering Committee; Member, Criminal Legal Assistance Steering Committee