Monetary Authority of Singapore to increase intl cooperation vs money laundering

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The Monetary Authority of Singapore (MAS) intends to increase cooperation with other financial supervisors to fight money laundering and terrorism financing. In a consultation paper, it said the MAS Act will be amended to include financial holding companies so that they will be subject to appropriate anti-money laundering and countering financing of terrorism laws.

Read the story by Siow Li Sen, in The Business Times.

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