Published: Singapore’s Mutual Evaluation Report

The joint FATF and APG Mutual Evaluation Report of Singapore has now been published. The report assessed the effectiveness of the jurisdiction’s AML/CFT/CPF measures, and its level of compliance with the FATF Recommendations, at the time of the on-site visit in July 2025.

APG Co-Chair, Mitsutoshi Kajikawa, said APG welcomes the publication of Singapore’s Mutual Evaluation Report, which highlights Singapore’s forward-looking and innovative approach to tackling money laundering, terrorist financing, and proliferation financing.

“Singapore has demonstrated strong leadership in leveraging technology, data analytics and public–private partnerships to address evolving risks. The report also identifies opportunities to build on these innovative foundations to further enhance effectiveness as it continues to strengthen its AML/CFT/CPF framework,” Mr Kajikawa said.

Mitali Tyagi, Director, APG Secretariat, said the joint FATF-APG mutual evaluation assessed the effectiveness of Singapore’s defences against illicit finance. “Singapore is one of our higher capacity jurisdictions, and so we know that what we learn from that jurisdiction is important for our members. It’s also a globally significant financial services and trading hub, so the learnings that we have from this evaluation are important to the global network,” Ms Tyagi said.

The three week on-site visit featured interviews with policy makers, financial institutions, law enforcement authorities, FIU analysts and many more key stakeholders.

Insights from the mutual evaluation have demonstrated strong progress and reinforced Singapore’s reputation as a competent and coordinated regime that is willing to try new solutions to address the illicit finance challenges of today.