Singapore Intensifies Fight Against Money Laundering, Terrorist Financing
29 Sep 2016

Singapore will intensify measures to fight money laundering and terrorism financing in response to the latest warnings of the Financial Action Task Force (FATF).

Vietnam News Agency (VNA) reports that, in a joint statement, the Ministry of Home Affairs, the Ministry of Finance and the Monetary Authority of Singapore (MAS) said law enforcement agencies would strengthen their capabilities to identify and investigate transnational money-laundering cases.

The country also calls for stronger intergovernmental cooperation, including intelligence sharing and stricter law enforcement in the fight.

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