A round-up of money laundering news from the Asia-Pacific region, including a major review of Singapore’s controls, as well as a top court review of U.S. card surcharge laws and the promise of further federal guidance on de-risking.
Asia-Pacific: Authorities Scrutinise Money Laundering Trends
The Financial Action Task Force (FATF), a global standards-setter for combatting money laundering and terrorist financing, published a review of Singapore’s legal framework this week.
It found that generally, Singapore’s anti-money laundering (AML) controls are “highly sophisticated” and backed by a “strong focus on order and enforcement”.
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