MAS Proposes Changes to AML/CFT Requirements for Licensed Money-Changers and Remittance Businesses

Reading Time: 3 minutesOn 16 January 2018, the Monetary Authority of Singapore (“MAS“) issued a consultation paper inviting comments on its proposal to amend anti-money laundering and countering the financing of terrorism (“AML/CFT“) requirements imposed on licensed money-changers and remittance businesses. MAS intends to implement these measures by issuing a new notice that would prohibit issuance of bearer […]