Financial Digest

Singapore casinos soon need to perform checks for cash deposits above S$4,000

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Casino News

Terrorism Financing,Cash Deposits,MHA

Casinos will soon have to carry out tighter checks when receiving cash deposits from their customers. This is part of updated measures following a report by the Home Affairs and Finance ministries and central bank, to counter terrorism financing.

The report also highlights potential spillovers from the ongoing Israel-Hamas conflict and self-radicalised individuals who can tap on various channels to finance terror acts. Sabrina Ng reports. The report also highlights potential spillovers from the ongoing Israel-Hamas conflict and self-radicalised individuals who can tap on various channels to finance terror acts. Sabrina Ng reports.

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