Singapore legislation

Regulation 23

of Legal Profession (Prevention of Money Laundering, Financing of Terrorism and Proliferation Financing) Rules 2015

Regulation 23

Identification and assessment of risks from new technologies, etc.

Amended byS 473/2025 wef 01/07/2025

A legal practitioner or law practice must identify and assess the risks of money laundering, the financing of terrorism and proliferation financing that may arise in relation to —

(a)

the development of any new service or new business practice (including any new delivery mechanism for any new or existing service); and

(b)

the use of any new or developing technology for any new or existing service.

Read in full context — Legal Profession (Prevention of Money Laundering, Financing of Terrorism and Proliferation Financing) Rules 2015 →