Information and Guidance on Countering the Financing of Terrorism

Dear Regulated Dealer,

Information and Guidance on Countering the Financing of Terrorism

The Ministry of Law ("MinLaw") has developed the Information and Guidance on Countering the Financing of Terrorism (“CFT”) (attached) in conjunction with the Ministry of Home Affairs ("MHA") to raise regulated dealers’ awareness and understanding of:

i. Your key (non-exhaustive) obligations and information to note under the Terrorism (Suppression of Financing) Act (“TSOFA”) and other applicable recommendations, legislation and rules;

ii. Terrorism Financing (“TF”) National Risk Assessment and CFT National Strategy;

iii. Maintaining robust CFT controls for your business;

iv. TF red flag indicators; and

v. Other useful CFT resources.

Click here to access the TF National Risk Assessment and CFT National Strategy.

Anti-Money Laundering/Countering the Financing of Terrorism Division

Ministry of Law