Singapore's Money Laundering National Risk Assessment identifies banks and specific non-banking sectors as high-risk for money laundering.
Singapore identifies banks as posing the highest risk for money laundering, according to the updated Money Laundering National Risk Assessment. Corporate service providers, real estate, casinos, and precious stones and metals are also identified as high-risk non-banking sectors. The assessment highlights the importance of enhanced monitoring and regulation in these sectors to combat money laundering.
June 20, 2024
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