Consultation Papers
MAS Consultation Paper: Proposed Notice on Prevention of Money Laundering and Countering the Financing of Terrorism for Variable Capital Companies (2019 April)

The Monetary Authority of Singapore (MAS) is introducing a Notice to variable capital companies (VCCs) on anti-money laundering and countering the financing of terrorism (AML/CFT).  These requirements draw reference from international best practices and the Standards set by the Financial Action Task Force (FATF), the global standard-setter for measures to combat money laundering (ML), terrorism financing (TF), and proliferation of financing.