Singapore will lower the threshold for checks on cash deposits received by casinos in a bid to prevent exploitation by terrorist and criminal organizations. Read More: Singapore Says It Has Seized $4.4 Billion in Dirty Money Since 2019 The new rule, to come into effect this year, will require casino operators to conduct due diligence checks on cash deposits of at least S$4,000 ($2,950) from a customer, lower than the current threshold of S$5,000. The rule is among fresh measures laid out in Singapore’s updated National Strategy for Countering the Financing of Terrorism published Monday.
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