The Monetary Authority of Singapore (MAS) has launched a consultation on potential requirements relating to the sharing of information for AML/CTF between financial institutions (FIs).

MAS is seeking views and feedback on:

  • Proposed further requirements regarding the FI-FI information sharing platform known as COSMIC, the “Collaborative Sharing of Money Laundering/Terrorism Financing (ML/TF) Information & Cases”
  • Proposed amendments to the MAS Notice 626 clarifying the relationship and interaction between certain consulted requirements and existing AML/CFT requirements in the notice.

MAS invites feedback from industry stakeholders and members of the public on the proposals until 15 December 2023.

https://www.mas.gov.sg/publications/consultations/2023/cosmic

 

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