As part of Singapore’s ongoing efforts to combat money laundering and terrorist financing, a proposed AML law is being examined and discussed in detail. This law aims to enhance the country’s AML/CFT framework, bolster risk assessment measures, and strengthen penalties for non-compliance. The proposed legislation also includes provisions for the use of digital technology to improve regulatory surveillance and oversight.
To gain a better understanding of this important development, visit https://lnkd.in/gn2D_xn2 for an in-depth analysis of the proposed AML law and its potential impact.
