Updated Terrorism Financing National Risk Assessment identifies money remittance providers and unlicensed online payment services as highest risks for terrorism financing in Singapore.

Updated Terrorism Financing National Risk Assessment (TFNRA) published by Singapore's Finance and Home Affairs ministries and the Monetary Authority of Singapore identifies money remittance providers and unlicensed online payment services as highest risks for terrorism financing. Cross-border fast payment systems and online fundraising are also emerging risk areas due to high internet penetration and digital economy growth. Singapore refreshes its National Strategy for Countering the Financing of Terrorism (CFT) based on these findings.

July 01, 2024
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