The Straits Times - S'pore to keep up fight against money laundering: Lawrence Wong

Tuesday, Apr 26 2022 12:00 PM

Mr Wong gave this assurance in a Facebook post, after he attended a ministerial meeting of the Financial Action Task Force (FATF) - a global money laundering and terrorist financing watchdog - in Washington last Thursday.

Mr Wong, who has been on a 10-day work trip in the US since April 16, met other leaders such as FATF president Marcus Pleyer, Canada's Deputy Prime Minister and Finance Minister Chrystia Freeland and Britain's Chancellor of the Exchequer Rishi Sunak.

Following the meeting, FATF ministers committed to taking decisive action to fight illicit money transfers, including implementing global rules strengthened this year to stop criminals from hiding dirty money behind shell companies.

Mr Wong attended the ministerial meeting with Mr T. Raja Kumar, who is senior adviser for international matters at the Ministry of Home Affairs and the current head of Singapore's delegation to FATF.


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