Section 66: Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT).

(1) All banks, specialised banks and other financial institutions shall adopt policies stating their commitments to-
(a) comply with Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) obligations under subsisting laws, regulations and regulatory directives; and
(b) implement internal control measures to prevent any transaction that facilitates criminal activities, money laundering or terrorism.
(2) Notwithstanding anything to the contrary in this Act or any other enactment, the Governor shall make regulations, guidelines and policies from time to time to fight money laundering and combat the financing of terrorism for banks and other financial institutions, in line with international best practices and standards.
(3) The Governor shall liaise with relevant bodies in other countries with similar objectives for the purposes of sharing information and relevant data that would aid the fight against money laundering and combat the financing of terrorism.