MAS committed to anti-money laundering efforts

The Monetary Authority of Singapore (MAS) has reiterated the country's commitment to the international efforts to fight against money laundering and terrorism funding, Channel NewsAsia report said Tuesday 8 August.

If there is evidence of such activities in Singapore, the MAS will investigate the matter and take appropriate action, the report quoted the central bank of Singapore as saying.

The comments came after reports by South Korean media that a small retail bank in Singapore was suspected