MAS issues the Terrorism Financing National Risk Assessment (2020)
The MAS issued the Terrorism Financing National Risk Assessment on 30 December 2020. This terrorism financing (“TF”) national risk assessment (“NRA”) is a product of Singapore’s ongoing review of TF risks, and updates the earlier Anti-Money Laundering, Countering the Financing of Terrorism (“AML/CFT”) NRA published in 2014.
A comprehensive whole-of-government approach to identify, monitor and mitigate TF risks has been developed and implemented. Given the global nature of terrorism and TF, Singapore will continue to maintain close working relationships with overseas law enforcement, intelligence, regulatory and supervisory counterparts, and contribute actively to regional and international forums.