MAS unveils new rules to stop terrorist financing

SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled new rules aimed at choking the flow of funds for terrorist groups.

Financial institutions are now barred from providing or collecting money believed to be used to fund terrorist activities, Channel News Asia reported on Tuesday.

They are also banned from dealing directly or indirectly in any property owned by terrorists or related groups.

They must also report to the MAS any information pertaining to terrorist-linked activtities.