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[Publications](https://www.fatf-gafi.org/en/publications.html) Recent statements - [Jurisdictions under Increased Monitoring - 13 June 2025](https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/increased-monitoring-june-2025.html) - [High-Risk Jurisdictions subject to a Call for Action - 13 June 2025](https://www.fatf-gafi.org/en/publications/High-risk-and-other-monitored-jurisdictions/Call-for-action-june-2025.html) Current or recent public consultations - [Public Consultation on AML/CFT and Financial Inclusion - Updated FATF Guidance on AML/CFT Measures and Financial Inclusion](https://www.fatf-gafi.org/en/publications/Financialinclusionandnpoissues/aml-cft-financial-inclusion-public-consultation-february-2025.html) - [Second Public Consultation on Recommendation 16 on Payment Transparency](https://www.fatf-gafi.org/en/publications/Fatfrecommendations/R16-public-consultation-February-2025.html) - [Public Consultation on Complex Proliferation Financing and Sanctions Evasion Schemes project](https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Recommendation-1-CPFSES-Public-Consultation-Feb-2025.html) Key documents - 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[Events](https://www.fatf-gafi.org/en/calendars/events.html) - [Assessments](https://www.fatf-gafi.org/en/calendars/assessments.html) Toggle menu - [FATF](https://www.fatf-gafi.org/en/countries/fatf.html) - [FATF Global Network](https://www.fatf-gafi.org/en/countries/global-network.html) - ["Black and grey" lists](https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html) 1. [Home](https://www.fatf-gafi.org/en/home.html) 2. [Countries](https://www.fatf-gafi.org/en/countries.html) 3. Singapore  # Singapore ``` ``` ### Member since 1992 Since the 2016 assessment of Singapore’s measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework. The report also looks at whether Singapore’s measures meet the requirements of FATF Recommendations that have changed since the 2016 mutual evaluation. The FATF agreed to maintain the rating of *compliant* for Recommendation 2 (National cooperation and coordination), Recommendation 18 (Internal controls and foreign branches and subsidiaries) and Recommendation 21 (Tipping-off and confidentiality). The FATF also maintained the rating of *largely compliant* for Recommendation 5 (Terrorist financing offence), Recommendation 7 (Targeted financial sanctions related to proliferation) and Recommendation 8 (Non-profit organisations). Singapore is now *compliant* on 20 of the 40 Recommendations and *largely compliant* on 17 of them. It remains *partially compliant* on 3 of the 40 Recommendations. ## [Singapore's progress in strengthening measures to tackle money laundering and terrorist financing](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Fur-singapore-2019.html) 18 Nov 2019 This follow report analyses Singapore's progress in addressing the technical compliance deficiencies identified in its 2016 Mutual Evaluation. [Read more](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Fur-singapore-2019.html)  The FATF and Asia/Pacific Group on Money Laundering (APG) conducted an assessment of Singapore’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on the 2012 FATF Recommendations, and using the 2013 Methodology. The assessment is a comprehensive review of the effectiveness of Singapore’s AML/CFT system and its level of compliance with the FATF Recommendations. Singapore has a strong legal and institutional framework to fight money laundering (ML) and terrorist financing (TF). Singapore’s AML/CFT coordination is highly sophisticated and inclusive of all relevant competent authorities. Authorities have a reasonable understanding of their ML/TF risks, and are taking steps to mitigate them. The report however notes that the level of understanding of the ML/TF risks varies among financial institutions and DNFBPs, with the latter generally demonstrating a less mature understanding of ML/TF risks. Singapore is also encouraged to conduct comprehensive ML/TF risk assessments for all types of legal persons (private companies, public companies, foreign companies, etc.) and legal arrangements. [Singapore's measures to combat money laundering and terrorist financing 27 Sep 2016 The FATF conducted an assessment of Singapore’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on the 2012 FATF Recommendations, and using the 2013 Methodology. The assessment is a comprehensive review of the effectiveness of Singapore’s AML/CFT system and its level of compliance with the FATF Recommendations. ](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Mer-singapore-2016.html) # Ratings ### Technical Compliance Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations. ### Singapore Follow-Up Report - 2019 R.1 - Assessing risk & applying risk-based approach LC R.2 - National cooperation and coordination C R.3 - Money laundering offence C R.4 - Confiscation and provisional measures C R.5 - Terrorist financing offence LC R.6 - Targeted financial sanctions related to terrorism & terrorist financing LC R.7 - Targeted financial sanctions related to proliferation LC R.8 - Non-profit organisations LC R.9 - Financial institution secrecy laws C R.10 - Customer due diligence C R.11 - Record keeping C R.12 - Politically exposed persons C R.13 - Correspondent banking C R.14 - Money or value transfer services LC R.15 - New technologies C R.16 - Wire transfers C R.17 - Reliance on third parties C R.18 - Internal controls and foreign branches and subsidiaries C R.19 - Higher-risk countries LC R.20 - Reporting of suspicious transactions LC R.21 - Tipping-off and confidentiality C R.22 - DNFBPs: Customer due diligence PC R.23 - DNFBPs: Other measures LC R.24 - Transparency and beneficial ownership of legal persons LC R.25 - Transparency and beneficial ownership of legal arrangements C R.26 - Regulation and supervision of financial institutions LC R.27 - Powers of supervisors C R.28 - Regulation and supervision of DNFBPs PC R.29 - Financial intelligence units C R.30 - Responsibilities of law enforcement and investigative authorities C R.31 - Powers of law enforcement and investigative authorities C R.32 - Cash couriers C R.33 - Statistics LC R.34 - Guidance and feedback LC R.35- Sanctions PC R.36 - International instruments C R.37 - Mutual legal assistance LC R.38 - Mutual legal assistance: freezing and confiscation LC R.39 - Extradition LC R.40 - Other forms of international cooperation LC **C** = compliant \| **LC** = largely compliant \| **PC** \= partially compliant \| **NC** \= non-compliant ### Effectiveness Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve. ### Singapore Mutual Evaluation - 2016 IO1 SE IO2 SE IO3 ME IO4 ME IO5 ME IO6 SE IO7 ME IO8 ME IO9 LE IO10 ME IO11 SE Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve. **HE** = high level of effectiveness \| **SE** \= substantial level of effectiveness \| **ME** \= moderate level of effectiveness \| **LE** \= low level of effectiveness ## 5th Round of Mutual Evaluations Below are the planned assessment dates for Singapore in the 5th round of mutual evaluations. These dates remain subject to change. ### Singapore Assessment Body FATF-APG Last evaluation 2016-06-01 00:00 Possible onsite period 2025-06-01 00:00 Possible Plenary discussion 2026-02-01 00:00 # Other related content - 31 Jan 2025 [FATF Annual Report 2023-2024](https://www.fatf-gafi.org/en/publications/Fatfgeneral/FATF-Annual-report-2023-2024.html) The Financial Action Task Force (FATF) Annual Report 2023-2024 outlines work by the FATF to prevent the abuse of the international financial system, and strengthen foundations for sustainable and more inclusive economic development. - 2 Feb 2024 [FATF Annual Report 2022-2023](https://www.fatf-gafi.org/en/publications/Fatfgeneral/FATF-Annual-report-2022-2023.html) The FATF Annual Report 2022-2023 sets out the achievements of the FATF under the Presidency of T. Raja Kumar of Singapore. - 24 Feb 2023 [Outcomes FATF Plenary, 22-24 February 2023](https://www.fatf-gafi.org/en/publications/Fatfgeneral/outcomes-fatf-plenary-february-2023.html) The second Financial Action Task Force FATF Plenary under the two-year Singapore Presidency of T. Raja Kumar took place on 22-24 February 2023. - 13 Sep 2022 [FATF and INTERPOL intensify global asset recovery](https://www.fatf-gafi.org/en/publications/Methodsandtrends/FATF-INTERPOL-intensify-global-asset-recovery.html) FATF and INTERPOL held a joint conference, bringing together law enforcement agencies, financial intelligence units, asset recovery offices, prosecutors, policy makers, international organizations and private sector industry leaders to help reinforce international law enforcement and judicial networks that work on asset recovery and the tools available - 18 Jul 2022 [FATF President at the G20 Finance Ministers and Central Bank Governors' Meeting, 15-16 July 2022](https://www.fatf-gafi.org/en/publications/Fatfgeneral/Speech-g20-fmcbg-july-2022.html) FATF President T. Raja Kumar's remarks at his first G20 FMCBG Meeting since assuming the Presidency of the FATF. - 18 Nov 2019 [Singapore's progress in strengthening measures to tackle money laundering and terrorist financing](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Fur-singapore-2019.html) This follow report analyses Singapore's progress in addressing the technical compliance deficiencies identified in its 2016 Mutual Evaluation. - 27 Sep 2016 [Singapore's measures to combat money laundering and terrorist financing](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Mer-singapore-2016.html) The FATF conducted an assessment of Singapore’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on the 2012 FATF Recommendations, and using the 2013 Methodology. The assessment is a comprehensive review of the effectiveness of Singapore’s AML/CFT system and its level of compliance with the FATF Recommendations. - 27 Jun 2016 [Outcomes of the Plenary meeting of the FATF, Busan Korea, 22–24 June 2016](https://www.fatf-gafi.org/en/publications/Fatfgeneral/Plenary-outcomes-june-2016.html) Delegates discussed improving transparency and beneficial ownership, and the global response to terrorist financing. The FATF adopted a new Standard for non-profit organisations, issued a statement on Iran and discussed the mutual evaluation reports of Austria, Canada and Singapore. During the list meeting under the Korean Presidency, delegates also heard an update of AML/CFT improvements in Myanmar and Papua New Guinea. - 25 Feb 2011 [Outcomes of the FATF Plenary meeting, Paris, 23-25 February 2011](https://www.fatf-gafi.org/en/publications/Fatfgeneral/Outcomesofthefatfplenarymeetingparis23-25february2011.html) The Chairman's summary provides an overview of the major outcomes of the meeting of the FATF Plenary, during which the mutual evaluations of France and the Netherlands were approved. - 25 Feb 2011 [Follow-up Report to the Mutual Evaluation of Singapore](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Follow-upreporttothemutualevaluationofsingapore.html) Following the adoption of its second Mutual Evaluation (MER) in October 2008, and in accordance with the normal FATF follow-up procedures, Singapore was required to provide information on the measures it has taken to address the deficiencies identified in the MER. Since October 2008, Singapore has been taking action to enhance its AML/CFT regime in line with the recommendations in the MER. The FATF recognizes that Singapore has made significant progress and that Singapore should henceforward report on a biennial basis on the actions it will take in the AML/CFT area. - 29 Feb 2008 [Mutual Evaluation of Singapore](https://www.fatf-gafi.org/en/publications/Mutualevaluations/Mutualevaluationofsingapore.html) The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Singapore. 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