04.10.2016 | Anti-Money Laundering, Asset Recovery
Singapore: strong AML laws, weak enforcement
Singapore demonstrates a strong anti-money laundering and counter financing of terrorism (AML/CFT) legislative framework but despite this, it shows significant weaknesses in its effective implementation, according to a recent review by the Financial Action Task Force.
This latest evaluation of Singapore is under a new evaluation methodology introduced by the FATF in 2012. So far…