Prevention of Money Laundering

Prevention of Money Laundering and Countering the Financing of Terrorism.

 

 

 

The Monetary Authority of Singapore ("MAS") revised its notice to Bank’s No. 626 on Prevention of Money Laundering and Countering the Financing of Terrorism. All banks in Singapore are required to comply with the revised provisions with effect from 1st March 2007.

 

Pursuant to the revised provisions, Citibank Singapore Limited ("Bank") will be required to obtain from all new account holders personal documents that reflect information such as full name, identification number, residential address, date of birth and place of birth. Where accounts are opened in-trust-for another person, the bank would also be required to obtain the above-mentioned personal documents relating to the beneficial owner of the account.

 

We thank you in advance for your assistance in providing the required information and documentation.

 

Prevention of Money Laundering