-------- Forwarded Message --------
Dear Colleagues
1. We refer to your email dated 30 March 2017.
2. We would like to update you that on 1 April 2019, Singapore amended our main AML/CFT legislation – the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA, Chapter 65A). In particular, the scope of Section 41 of
the CDSA which governs the communication of information by STRO to foreign counterparts has been broadened to enable exchange of financial intelligence with a wider group of FIU counterparts. A copy of the CDSA legislation is available at https://sso.agc.gov.sg/Act/CDTOSCCBA1992.
3. As a result of the amendment, STRO is now able to exchange financial intelligence with Israel Money Laundering and Terror Financing Prohibition Authority without the need for a Memorandum of Understanding (MOU).
4. STRO and Israel Money Laundering and Terror Financing Prohibition Authority commenced MOU negotiation in December 2016. Due to the change in our legislation, it is no longer necessary to continue with the MOU negotiations.
5. We look forward to enhancing the cooperation between our FIUs. If you require any clarification, please contact Mr Lee Shang Xing (DID: (65) 6557 5712/ email: LEE_Shang_Xing@spf.gov.sg) or Ms Erin Chow (DID: (65) 6557 3873 / email: Erin_Chow@spf.gov.sg).
6. Thank you.
Warmest Regards,
LEE Shang Xing (Mr.)
Suspicious Transaction Reporting Officer
For Head
Suspicious Transaction Reporting Office
On 30/3/2017 1:30 PM, Maya Lederman wrote: