Singapore's Ng outlines plans to enhance AML/CFT regime
Ng Nam Sin, an assistant managing director at the Monetary Authority of Singapore, on Tuesday discussed plans to step up the anti-money laundering and counter-financing of terrorism (AML/CFT) regime in Singapore.
At the Society for Trust and Estate Practitioners Asia Conference, in Singapore, Ng said that while financial intermediaries, including licensed trust companies, were subject to a rigorous AML/CFT regime, authorities were considering plans to strengthen the legal and regulatory
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