Regulatory tracker · MAS ·
MAS amends AML/CFT Notice VCC-N01, effective 1 July 2025
By VCCGuide Editorial
Reviewed by the fund management team at JCube Capital Partners (JCP), a Monetary Authority of Singapore capital markets services licence holder (Licence No. CMS100895).
What changed?
MAS issued Notice VCC-N01 (Amendment) dated 30 June 2025, taking effect 1 July 2025 — the first substantive revision of the VCC anti-money laundering and countering-the-financing-of-terrorism notice since March 2022. The accompanying Guidelines to Notice VCC-N01 were revised the same day.
Why it matters for fund managers
The notice governs customer due diligence, beneficial-ownership records, screening, record keeping, and suspicious transaction reporting — obligations every VCC discharges through its appointed eligible financial institution. Coming four days after Circular IID 04/2025, it underlined that AML/CFT oversight of the EFI arrangement is squarely on MAS's radar.
Primary sources
- MAS Notice VCC-N01 (Amendment) dated 30 June 2025Accessed 20 July 2026