Laws
Accountants (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2023
reg 1

In forceAmendedAs enactedCurrent version · As enactedSee versions on Singapore Statutes Online(opens the publisher’s site)

Contents

Accountants (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2023

Find in this law

1Citation and commencement
2Definitions
3Purpose of Rules and application
4General duties
5Performance of customer due diligence measures
6Identification and verification of identity of clients and agents
7Identification and verification of identity of beneficial owners
8Timing for verification
9Screening of client
10Performance of customer due diligence measures by third parties
11Ongoing monitoring
12Simplified customer due diligence measures
13Politically-exposed persons
14Enhanced customer due diligence and enhanced ongoing monitoring in other cases
15Requirement to cease transactions, etc.
16Record keeping
17Internal policies, procedures and controls
18Group policy
19Duty to assess and report
20Audit and compliance management
21Employees
22Provision for information

Accountants (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2023 · As enacted

1. Citation and commencement

Feedback & support

No plain-English summary for reg 1 yet. See the rest of this law

Amended

Last amended by an amending law of 2026.

Official textFrom Singapore Statutes Online, unchanged

These Rules are the Accountants (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2023 and come into operation on 1 July 2023.

Report

Suggest a correction
Request removal of this part

Read on from reg 2

Details

Accountants (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2023 · reg 1

Saving and following need a free account.Sign in

Judgments that cite this law

No judgment we hold cites this law yet.

Where this comes from

Singapore Statutes Online · Accountants (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2023, As enacted. Reader record updated on 2 Aug 2026.

Singapore legislation is Government copyright, used with the permission of the Attorney-General’s Chambers. Check Singapore Statutes Online for the latest version.

Open the official text