{"id":777041988,"date":"2026-05-11T08:49:41","date_gmt":"2026-05-11T11:49:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777041988"},"modified":"2026-05-11T08:50:25","modified_gmt":"2026-05-11T11:50:25","slug":"fatf-praises-singapores-gambling-regulatory-authority-for-strong-aml-oversight-of-casino-sector","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/fatf-praises-singapores-gambling-regulatory-authority-for-strong-aml-oversight-of-casino-sector","title":{"rendered":"FATF praises Singapore’s Gambling Regulatory Authority for strong casino AML oversight"},"content":{"rendered":"\n

The Financial Action Task Force has highlighted the Gambling Regulatory Authority\u2019s \u201chigh-level understanding\u201d of money laundering risks.<\/p>\n\n\n\n\n\n\n\n

Singapore.- The Financial Action Task Force<\/strong> (FATF) has praised Singapore\u2019s Gambling Regulatory Authority (GRA) for its oversight of the casino sector. In its latest Mutual Evaluation Report on Singapore<\/strong>, the Paris-based watchdog said the GRA demonstrated a \u201chigh-level understanding<\/strong>\u201d of money laundering and terrorist financing risks tied to gambling, while applying \u201cstringent supervision\u201d over the country\u2019s two casino operators: Marina Bay Sands and Resorts World Sentosa.<\/p>\n\n\n\n

The assessment covered the period between 2020 and 2024 and included both on-site and off-site reviews conducted by FATF as part of its peer evaluation process. According to the report, the GRA has developed a strong grasp of sector risks through environmental scans, monitoring of local and international typologies, participation in industry discussions and engagement with domestic and foreign counterparts. <\/p>\n\n\n\n

It said the regulator had demonstrated a \u201cclear understanding of institutional risks<\/strong>\u201d and praised the regulator\u2019s supervisory model while noting that Singapore\u2019s limited number of casinos allowed the GRA to apply a \u201crigorous supervisory approach<\/strong>\u201d. It highlighted the use of both on-site and off-site tools, including examinations, internal audit reviews and data analysis, with focused inspections conducted throughout each three-year casino licence cycle.<\/p>\n\n\n\n

In a statement shared on social media, the GRA welcomed the findings, saying the FATF had recognised its \u201cstrong regulatory approach in combating money laundering and countering the financing of terrorism and proliferation financing within the casino sector.\u201d<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Daniel Tan Sin Heng appointed as Singapore Gambling Regulatory Authority chief executive<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The Financial Action Task Force has highlighted the Gambling Regulatory Authority\u2019s \u201chigh-level understanding\u201d of money laundering risks.<\/p>\n","protected":false},"author":680,"featured_media":16286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"","focusai_entities":"","focusai_location":"","focusai_target_profile":"","focusai_suggestions":[],"footnotes":""},"categories":[156,16333],"tags":[25001,24413,169],"class_list":["post-777041988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-aml-ctf","tag-gambling-regulatory-authority","tag-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777041988"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041988\/revisions"}],"predecessor-version":[{"id":777042010,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041988\/revisions\/777042010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16286"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777041988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777041988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777041988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}