Between 2007 and 2008, the number of STRs received has increased by 60% from 7,621 to 12,158. The higher number of STRs shows that there is a greater level AML/CFT awareness in Singapore, and this is a positive development.
Figure 1: Total STRs received in 2004 to 2008
As a member of the Egmont Group of FIU, STRO renders assistance within the limits of Singapore laws to its counterparts in the global fight against money laundering and terrorism financing.
The statistics on the number of request for assistance received from FIUs for 2004 to 2008 is provided in Figure 2.
Figure 2: Request for Assistance received from FIUs in 2004 to 2008
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