Anti-Money Laundering/Countering the Financing of Terrorism for Fund Management Companies

What are the AML requirements for Fund Management Companies?


  • All Fund management companies will comply with MAS requirements on AML/CFT. The AML/CFT requirements for capital markets intermediaries include the following:

    • Risk assessment and risk mitigation.
    • Customer due diligence.
    • Reliance on third parties.
    • Correspondent accounts.
    • Record keeping.
    • Suspicious transaction reporting.
    • Internal policies, compliance, audit and training.

    The requirements are the same across the different licensed entities.

FinReg business tip

For the purposes of MAS Notice SFA04-N02 on Anti-Money Laundering, fund management companies fall under the term "Capital Market Intermediaries (CMIs)".