- 24/05/2022
- Articles Authored
Singapore | The International Comparative Legal Guide to Anti-Money Laundering 2022 – Singapore chapter by Drew & Napier
Co-Head of Criminal Law Practice, Gary Low and Director Terence Tan co-authored the Singapore chapter in the International Comparative Legal Guide – Anti-Money Laundering (“AML”) 2022 that was recently published by Global Legal Group Ltd, London.
The Singapore chapter provides a comprehensive overview of the crime of money laundering and its criminal enforcement, AML regulatory and administrative requirements and enforcement, and AML requirements for financial institutions and other designated businesses.
The topics discussed include the elements of the criminal offence of money laundering, the penalties imposed on persons convicted of money laundering or who fail to comply with regulatory/admin AML requirements, other types of sanctions imposed besides monetary fines, and reporting requirements for cross border transactions and cash transactions, among others.
You may read the full chapter here.