A relatively small Southeast Asian city-state of around five million people, Singapore has undoubtedly grown to become one of the most economically innovative jurisdictions in the world.

As a result, it has become an increasingly important player in the FinTech world, providing a home for over 1,400 firms and 40 innovation labs.

This guide explores Singapore’s AML/CFT landscape for FinTechs in-depth, including:

• The Singaporean Framework: FATF recommendations, AML/CFT regime, and recent developments
• Core compliance responsibilities, from licensing to governance and compliance
• Implementation challenges
• Risks and the regulatory environment