Legal / Regulation
Source character: Regulatory
Singapore; banks within the Notice’s scope, not all financial businesses. Current Notice first effective 1 April 2024; MAS records the latest amendment as 30 June 2025, effective 1 July 2025. Relevant: paragraphs 6 (CDD), 7 (simplified CDD) and 8 (enhanced CDD). Binding MAS Notice, distinct from explanatory guidelines. The old Notice issued in 2015 was cancelled from 1 April 2024. Official amended PDF: https://www.mas.gov.sg/-/media/amld-amendments---30-june-2025/mas-notice-626.pdf. Checked 6 November 2026.
Authors: Monetary Authority of Singapore (MAS)
Year: 2024
Publication: MAS Notice 626 under section 16 of the Financial Services and Markets Act 2022; amended 30 June 2025
DOI/URL: https://www.mas.gov.sg/regulation/notices/notice-626
Citation:
Monetary Authority of Singapore. (2024). Notice 626: Prevention of Money Laundering and Countering the Financing of Terrorism – Banks. Issued 28 March 2024; amended 30 June 2025, effective 1 July 2025. MAS. Accessed 6 November 2026.