Monetary Authority of Singapore - TERRORISM (SUPPRESSION OF FINANCING) ACT
The terrorism (suppression of financing) act, enforced by the monetary authority of singapore, aims to prevent the financing of terrorism. this regulation empowers authorities to take action against individuals and organizations suspected of funding terrorist activities. It mandates strict reporting requirements for financial institutions and requires them to conduct thorough checks on their customers to detect any suspicious transactions.
Mitigate risk with our comprehensive screening solutions for your AML and sanctions compliance.
50 Entities in Monetary Authority of Singapore - TERRORISM (SUPPRESSION OF FINANCING) ACT
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
Mohamed Omar bin Mahadi | Company | Jan 16, 2023 | inactive |
Syaikhah Izzah Zahrah alAnsari | Company | Jan 16, 2023 | inactive |
Mohamed Faishal bin Mohd Razali | Company | Jan 16, 2023 | inactive |
Suderman bin Samikin | Company | Jan 16, 2023 | inactive |
Amirull bin Ali | Company | Jan 16, 2023 | inactive |
Mustafa bin Sultan Ali | Company | Jan 16, 2023 | inactive |
Abd Rahim bin Abdul Rahman | Company | Jan 16, 2023 | inactive |
Alahuddeen bin Abdullah | Company | Jan 21, 2025 | active |
Mas Selamat bin Kastari | Company | Jan 21, 2025 | active |
Saharuddin bin Saari | - | Jul 18, 2025 | active |
FAQs
Why is compliance with Monetary Authority of Singapore - TERRORISM (SUPPRESSION OF FINANCING) ACT necessary?
Compliance with the Terrorism (Suppression of Financing) Act, enforced by the Monetary Authority of Singapore (MAS), is crucial for several reasons. first, this legislation is designed to prevent the financing of terrorism, which can pose a significant threat to national and global security. by adhering to these regulations, organizations help protect their community and contribute to global peace.
Which companies should comply with Monetary Authority of Singapore - TERRORISM (SUPPRESSION OF FINANCING) ACT?
Companies in the financial services industry, as well as businesses dealing with money transfers, charities, and real estate, must comply with the Terrorism (Suppression of Financing) Act. Compliance is crucial to prevent financial support for terrorism, protect the company's reputation, and avoid severe penalties. Adhering to these regulations safeguards both the business and the community.
APIs
Data License
Solutions
Pricing
All rights reserved | Terms of use Copyright ©2025 Trademo Technologies Inc.