---
title: FATF & APG Publish Singapore’s Mutual Evaluation Report
description: FATF & APG Publish Singapore’s Mutual Evaluation Report
---

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# [FATF & APG Publish Singapore’s Mutual Evaluation Report](https://www.plenitudeconsulting.com/news-insights/fatf-apg-publish-singapores-mutual-evaluation-report)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | May 11, 2026 9:27:29 AM

 

Key updates include:

➡️ **International Financial Centre Risks:** Singapore’s position as a major international financial centre creates heightened exposure to ML/TF/PF risks, with criminal actors seeking to use Singapore as an integration and passthrough point for illicit flows;

➡️ **Strong Institutional Coordination:** Singapore’s AML/CFT Steering Committee coordinates a dynamic risk assessment and mitigation framework involving senior decision-makers across relevant agencies;

➡️ **Technology & Financial Intelligence:** Singapore significantly increased investment in technology, data integration and automation, improving the production and dissemination of financial intelligence to competent authorities;

➡️ **Law Enforcement Effectiveness:** Authorities commenced more than 11,000 money laundering investigations and 126 terrorist financing investigations over five years, with strong international cooperation supporting complex cross-border cases;

➡️ **Supervisory Effectiveness:** The Monetary Authority of Singapore (MAS) demonstrates strong sectoral understanding of risks across financial institutions, digital payment token service providers, Designated Non-Financial Businesses and Professions (DNFBP), and trust companies, supported by extensive industry outreach and engagement;

➡️ **Proliferation Financing Exposure:** FATF identified Singapore as particularly vulnerable to PF risks given its role as a global trade, maritime and virtual asset hub, although mitigation measures were considered limited relative to exposure; and

➡️ **Key recommendations:** The FATF’s key recommended actions for Singapore included enhancing transparency measures, prioritising high-value ML investigations, and taking a more proportionate approach to PF risk mitigation.

✅ Firms operating in or exposed to Singapore should review cross-border financial crime controls, country risk lists, beneficial ownership verification processes, and CPF measures considering FATF’s findings.

💡Plenitude Compass provides a risk-rated country list with a supporting methodology, underlying research, analysis and data. Visit our website for more information: https://www.plenitudeconsulting.com/services/regtech-products/compass  

 

[View full post](https://www.plenitudeconsulting.com/news-insights/fatf-apg-publish-singapores-mutual-evaluation-report)

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