ASIA REGULATORY ROUND UP – SINGAPORE TIGHTENS ANTI-MONEY LAUNDERING RULES
November 1st, 2014
THE RESPONSIBILITIES of Singapore accountants to report suspicions that their clients maybe involved in money laundering or terrorist finance have become tougher since November 1. New guidelines released by the Institute of Singapore Chartered Accountants (ISCA) have strengthened requirements for accounting firms to establish anti-money laundering (AML) and combating the financing of terrorism (CFT) controls. There are also new requirements for public accountants and firms to have AML/CFT specific customer due diligence and record-keeping measures. And ISCA has ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.