The threat of terrorism and Singapore’s legislative response to terrorism financing

Abstract

Describes planned and actual terrorist attacks in recent years, focusing on the plans of the Jemaah Islamiyah to attack Singapore, and the legislative response to Singapore to the threat; this has taken the form of a slew of separate laws. Continues with the separate legal regimes covering money laundering and terrorist offences, and the outlines of each. Discusses the problems facing bank advisers or compliance officers in ensuring that customers are not terrorists, and the penalties facing all financial institutions, residents or citizens for failing to disclose relevant information to the authorities: whistleblowing is mandatory. Concludes that Singapore’s response to the very real threat of terrorist attack has been robust and comprehensive; there is some unnecessary duplication in the number of laws passed, however.

Citation

Sin Liang, T. (2003), "The threat of terrorism and Singapore’s legislative response to terrorism financing", Journal of Money Laundering Control, Vol. 7 No. 2, pp. 139-144. https://doi.org/10.1108/13685200410809841