MAS Publishes Paper on Strengthening AML/CTF Controls

The paper sets out typologies and case studies observed by MAS during its inspections of financial institutions (“FIs”), and its supervisory expectations to ensure robust AML/CFT controls.

The paper provides information on:

• Typologies and supervisory observations;
• Customer due diligence and case studies; and
• Ongoing monitoring and case studies.

Firms can read the paper to gain further insights into the expectations of MAS on ensuring they have robust AML/CFT controls in place.