Parliamentary Questions filed by Mr Derrick Goh on 18 and 19 September 2023
Mr Derrick Goh: To ask the Minister for Home Affairs (a) how have the Ministry’s agencies enhanced their AML capabilities; (b) what further improvements will be made; (c) whether there are plans to (i) strengthen the requirements and capabilities of non-banking industries for customer due diligence measures to prevent criminals from converting illegal proceeds into assets and (ii) enhance reporting of suspicious transactions by these industries for timelier intervention; and (d) how will collaboration with foreign authorities be deepened to detect and stem the movement of illegal proceeds into Singapore.