Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Asia-Pacific, Banking, Financial Crime, Financial Services, News, Regulatory

NEWS: Singapore’s new law to make it far easier to prosecute money laundering offences

SINGAPORE: The new Anti-Money Laundering and Other Matters Bill introduced to parliament on Tuesday will remove the need for the prosecution to show a direct link between the criminal conduct and the laundered funds, the home affairs ministry said today.

By AML Intelligence Correspondents SINGAPORE is seeking to make it easier for law enforcement to prosecute money laundering offences in the city-state, the home affairs ministry said. The move comes as the ministry noted how currently some cases are not pursued unless it is possible to show the complete money trail of suspected funds from…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!