MAS AML/CFT Notices (626 / SFA04-N02)
MAS Notice 626 for banks and Notice SFA04-N02 for capital markets intermediaries, with their guidelines.
- Issued by
- Monetary Authority of Singapore
- Applies in
- Singapore
- Edition
- amended 1 July 2025
- Area
- Financial crime (AML/CFT/CPF)
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- BRABusiness risk assessment, documented and board-approvedRisk assessment
- CDDCustomer due diligence and beneficial ownership at onboardingCustomer due diligence
- EDDEnhanced due diligence for PEPs and higher-risk relationshipsCustomer due diligence
- MONOngoing monitoring of relationships and transactionsMonitoring
- SCRSanctions and adverse-media screening, repeated on list updatesScreening
- SARInternal and external suspicious activity reportingReporting
- RECRecord keeping for the statutory retention periodRecords
- TRNFinancial crime training for all relevant staffTraining
How Amoreg keeps you on it.
Enable the MAS AML/CFT Notices (626 / SFA04-N02) and add Monetary Authority of Singapore’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 8 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read Monetary Authority of Singapore’s pages
- Check the library against 8 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: business risk assessment, documented and board-approved
- Rule
- MAS AML/CFT Notices (626 / SFA04-N02), BRA
- Area
- Risk assessment
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- FATF RecommendationsThe 40 Recommendations — the international standard every national AML/CFT/CPF regime is measured against.Global · 8 controls
- Wolfsberg Group StandardsIndustry standards for correspondent banking, the CBDDQ/FCCQ questionnaires and effectiveness-based AML programmes.Global · 4 controls
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- Isle of Man AML/CFT Code 2019The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with the FSA's AML/CFT Handbook as guidance.Isle of Man · 8 controls
- Cayman Islands Anti-Money Laundering RegulationsThe AMLRs under the Proceeds of Crime Act, read with CIMA's Guidance Notes — departure from the Guidance Notes without justification is treated as non-compliance.Cayman Islands · 8 controls
Also in Singapore
- Singapore Personal Data Protection Act 2012Consent, purpose limitation, notification and the mandatory data breach notification regime.Singapore · 5 controls
- MAS Technology Risk Management GuidelinesTechnology risk governance, security, resilience and third-party expectations for financial institutions.Singapore · 5 controls
Questions
Does Amoreg watch for changes to the MAS AML/CFT Notices (626 / SFA04-N02)?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the MAS AML/CFT Notices (626 / SFA04-N02)?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records amended 1 July 2025. Editions were last verified in August 2026, and the Monitor records new publications as they appear.