Core Module 1 – Regulatory Compliance Question 1. The MAS Guidelines to Notice 626 on Prevention of Money Laundering and Countering the Financing of Terrorism (the ‘Notice’) outlines controls that must be implemented to mitigate the risks associated with money laundering/ terrorism financing. Draft a paragraph explaining the following term mentioned in the Notice: • existing customers. Question 2. Identify a specific MAS regulatory requirement, […]




