Singapore Take-over Code Revised
01 Mar 2016
This update discusses a proposed amendment to MAS notices on prevention of money laundering and countering the financing of terrorism (“ML/CFT Notices”). This proposed amendment seeks to clarify how the obligations of financial institutions relating to customer due diligence under the ML/CFT Notices would interact with the obligations of financial institutions in respect of customer personal data under the upcoming Personal Data Protection Act.
To read the update, please click here.