Sanctions and Proliferation Financing Singapore requirements continue to evolve as MAS strengthens supervisory expectations and aligns with FATF standards. Financial institutions must implement effective sanctions screening, targeted financial sanctions controls, customer due diligence, and proliferation financing risk assessments to comply with regulatory obligations. Curia Regis provides practical insights into regulatory developments, governance expectations and industry best practices.
The release of the 2026 FATF Mutual Evaluation Report (“MER”) in Singapore marks a significant development for Regulated Financial Institutions (“RFIs” or “Institutions”) operating within Singapore’s financial ecosystem. While Singapore…
What Grey-Listing Is and Why It Matters to Regulated Financial Institutions The latest MAS FATF listings update follows the Financial Action Task Force (FATF) Plenary held in Mexico City in…
What’s New and Why? AUSTRAC AML/CTF Rules 2025 introduce significant reforms to Australia's anti-money laundering and counter-terrorism financing framework. They expand compliance obligations for both existing and newly regulated reporting…
As a regulatory compliance professional services firm, Curia Regis provides expert guidance on navigating new regulatory developments to help financial institutions keep abreast of their regulatory obligations. In this brief update,…
On 8 April 2025, the Monetary Authority of Singapore (MAS) issued a consultation paper outlining proposed amendments to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Notices
The Financial Action Task Force (“FATF”) Recommendations serve as the global standard for combating money laundering and terrorist financing (“ML/TF”). These recommendations provide a comprehensive framework of measures that countries…
Who is the Wolfsberg Group?The Wolfsberg Group (the Group) is an alliance of 13 global banks formed in 2000 to develop anti-money laundering and counter-terrorist financing guidelines. Its members collaborate…
The regulators in Singapore have been busy in recent times, issuing multiple circulars and information papers detailing the expected market standards and supervisory expectations for Financial Institutions (FIs) in relation…
Singapore’s National Risk Assessment (NRA) pertaining to prevalent Money Laundering (ML) & Terrorism Financing (TF) risks was recently updated. The updated NRA covers threats and vulnerabilities in Singapore which evolved…