Category:Singapore Embargoed Countries


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Monetary Authority of Singapore

[] Singapore Embargoed Countries  Côte d’Ivoire  Democratic Republic of the Congo  Eritrea  Iran  Iran-Other  Liberia  Libya  North Korea  Singapore Sanctions  Somalia  Sudan

Based on the Monetary Authority of Singapore (Anti-terrorism Measures) Regulations 2002 (S 515/2002). As amended by S 563/2002, S 623/2002, S 189/2003, S 352/2003, S 451/2003, S 606/2003, S 258/2004, S734/2004, S383/2005 and S666/2005. An arrangement was made on the following subjects.

The Schedule

The object of these Regulations is to assist in giving effect to Resolution 1267 (1999), Resolution 1333 (2000), Resolution 1373 (2001) and Resolution 1390 (2002) of the Security Council of the United Nations.

These Regulations shall apply to all branches and offices of any financial institution

  1. incorporated in Singapore whether located in Singapore or elsewhere; and
  2. incorporated outside Singapore that are located in Singapore.

Homepage of the MAS regarding Sanctions

March 19, 2012 – MAS update on FATF statement of 16 Feb 2012 – The Financial Action Task Force (FATF), of which Singapore is a member, issued an updated statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of 2 groups of jurisdictions:

Democratic People’s Republic of Korea (DPRK) and Iran which have shown no commitment to address their AML/CFT deficiencies.

Ghana, Indonesia, Pakistan, Tanzania and Thailand, in addition to the jurisdictions whichhad been listed previously, i.e. Bolivia, Cuba, Ethiopia, Kenya, Myanmar, Nigeria, São Tomé and Príncipe, Sri Lanka, Syria and Turkey which have not made sufficient progress in addressing their strategic deficiencies. Details of the FATF statement can be found at: FATF Document 1

Financial institutions are advised to accord due consideration to the above FATF statement and take the appropriate action(s) as recommended by the FATF with respect to the named jurisdictions.

Separately, FATF has issued an updated statement on its on-going process to improve global AML/CFT compliance. This statement provides information on a list of jurisdictions that have committed to action plans to address and strengthen their respective AML/CFT deficiencies. The second FATF statement can be found at: FATF Document 2

November 15, 2011 – MAS update on FATF statement of 28 Oct 2011, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of Nigeria and Sao Tome & Principe, in addition to the previously announced regimes of Bolivia, Cuba, Democratic People’s Republic of Korea (DPRK), Ethiopia, Iran, Kenya, Myanmar, Sri Lanka, Syria and Turkey. The text of the FATF statement can be found at: FATF Public Statement

Financial institutions are advised to accord due consideration to the above FATF statement and take the appropriate action(s) as recommended by the FATF with respect to the named jurisdictions.

Separately, FATF has issued an updated statement on its on-going process to improve global AML/CFT compliance. This statement provides information on a list of jurisdictions that have committed to action plans to address and strengthen their respective AML/CFT deficiencies. The second FATF statement can be found at: FATF Improving Global AML/CFT Compliance (Update)

Pages in category “Singapore Embargoed Countries”

The following 11 pages are in this category, out of 11 total.

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Автор: admin · May 17, 2022 · Categories