New Sheriff In Town: The Monetary Authority of Singapore Creates New Anti-Money Laundering And Enforcement Departments

On 13 June 2016, the Monetary Authority of Singapore  announced that it will create dedicated Anti-Money Laundering  and Enforcement departments, including a special supervisory team to be established to monitor AML risks and provide on-site supervision of financial institutions in Singapore. [1]  The new Enforcement department will provide oversight for…