Singapore

Member since 1992

The Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) mutual evaluation of Singapore assessed the effectiveness of the country’s anti-money laundering, countering terrorist financing and proliferation financing (AML/CFT/CPF) measures, and their level of compliance with the FATF Recommendations, at the time of an on-site visit in July 2025.

The assessment found that Singapore’s financial crime challenges are being met by a competent and coordinated regime that is willing to try new solutions to meet illicit finance challenges of today. There have been some successes in Singapore’s fight against financial crime, but their AML/CFT/CPF system must be sharper in producing demonstrable and consistent risk-based results.

Based on Effectiveness and Technical Compliance Ratings, Singapore is placed in regular follow-up. Singapore will report back to the FATF and APG on its progress.

FATF/APG Mutual Evaluation Report of Singapore - 2026

6 May 2026

The Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) mutual evaluation of Singapore assessed the effectiveness of the country’s anti-money laundering, countering terrorist financing and proliferation financing (AML/CFT/CPF) measures, and their level of compliance with the FATF Recommendations, at the time of an on-site visit in July 2025.
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Ratings

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Singapore Mutual Evaluation - 2026

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
LC
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
C
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
C
R.15 - New technologies
LC
R.16 - Wire transfers
LC
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
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
C
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
PC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
C
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
LC
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
LC
R.33 - Statistics
C
R.34 - Guidance and feedback
C
R.35- Sanctions
LC
R.36 - International instruments
C
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
C
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant   |   NA = not applicable

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 - 2026

IO1
SE
IO2
SE
IO3
SE
IO4
SE
IO5
ME
IO6
SE
IO7
ME
IO8
SE
IO9
SE
IO10
ME
IO11
ME

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

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Head of delegation

Lead Ministry/Authority in the FATF Delegation

Ministry of Home Affairs

Others Ministries/Authorities

Attorney General's Chambers

Ministry of Finance

Ministry of Foreign Affairs 

Monetary Authority of Singapore

Singapore Police Forces 

Also member of

Head of delegation