The International Comparative Legal Guide to Anti-Money Laundering 2021 – Singapore chapter by Drew & Napier
31 May 2021
Director Gary Low and Associate Victor David Lau, assisted by Trainee QingXun Lin, co-authored the Singapore chapter in the International Comparative Legal Guide to Anti Money Laundering (AML) 2021 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 considerations to establish money laundering as a criminal offence, penalties to those convicted or fail to comply with regulatory/admin AML requirements, other types of sanctions imposed besides monetary fines, and cross border transactions reporting requirements, among others.
You may read the full chapter here.
This chapter appeared in the 2021 edition of The International Comparative Legal Guide to: Anti Money Laundering; published by Global Legal Group Ltd, London.