Curriculum
Course: AML/CFT for Singapore
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Curriculum

AML/CFT for Singapore

AML Training for Singapore - Course Preview

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Module 1: Introduction to Money Laundering and Terrorist Financing

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Module 2: What is Terrorist financing?

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Module 3: Understanding AML/CFT

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Module 4: Application of AML/CFT Regulations on Different Stages of Money Laundering

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Module 5: AML/CFT Legal and Regulatory Framework

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Module 6: The Risk-Based Approach to AML and Counter-Terrorism Financing

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Module 7: Risk Assessment

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Module 8: Customer Due Diligence (CDD)

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Module 9: Understanding Suspicious Transaction Report(STR) Requirements

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Video lesson

AML Training for Singapore – Course Preview

What You Will Learn

This course delivers a structured and practical understanding of AML/CFT compliance in Singapore, including:

  • Singapore AML/CFT laws, regulations, and MAS Notices

  • Risk assessment methodologies and red-flag indicators

  • Customer onboarding, CDD, and Enhanced Due Diligence (EDD)

  • Ongoing monitoring and detection of suspicious activities

  • STR filing obligations, timelines, and legal protections for reporters

  • Record-keeping standards and regulatory inspections readiness

  • The role of RegTech, automation, and data analytics in AML compliance

 

Learning Outcomes

Upon successful completion of this AML/CFT training, participants will be able to:

  • Interpret and apply Singapore AML/CFT laws, regulations, and MAS Notices within their operational roles

  • Conduct risk-based Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) in line with Monetary Authority of Singapore (MAS) expectations

  • Identify and assess money laundering and terrorism financing risks across products, customers, and transactions

  • Perform effective transaction monitoring and escalate suspicious activity appropriately

  • Prepare and submit accurate and timely Suspicious Transaction Reports (STRs)

  • Maintain compliant record-keeping and data retention practices for regulatory review

  • Understand the role of technology, automation, and RegTech in strengthening AML/CFT controls

In short, participants leave knowing what to do, how to do it, and how not to embarrass their firm during an inspection.