The Financial Investigation Division combats money laundering in Singapore. It works closely with local financial institutions, government agencies and its foreign counterparts, to ensure that Singapore has a robust anti-money laundering and counter financing of terrorism (AML/CFT) regime.
There are 3 branches in the Division.
- The Suspicious Transaction Reporting Office (STRO) receives and analyses Suspicious Transaction Reports. It provides financial intelligence information for the detection of money laundering, terrorism financing and other criminal offences. It is also Singapore's Financial Intelligence Unit (FIU).
For more information on STRO's role, please click here.
- The Financial Investigation Branch (FIB) investigates money laundering and other offences under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, as well as offences under the Terrorism (Suppression of Financing) Act. For more information on FIB's role, please click here.
- The Proceeds of Crime Unit (PCU) identifies and seizes proceeds of crime, managing such assets until they are restituted or confiscated under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. For more information on PCU's role and success, click here.
Click here for more information on Singapore's anti-money laundering and counter financing of terrorism (AML/CFT) regime.
