Singapore will lower the threshold for checks on cash deposits received by casinos in a bid to prevent exploitation by terrorist and criminal organizations.
Read More: Singapore Says It Has Seized $4.4 Billion in Dirty Money Since 2019
The new rule, to come into effect this year, will require casino operators to conduct due diligence checks on cash deposits of at least S$4,000 ($2,950) from a customer, lower than the current threshold of S$5,000.
The rule is among fresh measures laid out in Singapore’s updated National Strategy for Countering the Financing of Terrorism published Monday.
More Must-Reads from TIME
- Why Trump’s Message Worked on Latino Men
- What Trump’s Win Could Mean for Housing
- The 100 Must-Read Books of 2024
- Sleep Doctors Share the 1 Tip That’s Changed Their Lives
- Column: Let’s Bring Back Romance
- What It’s Like to Have Long COVID As a Kid
- FX’s Say Nothing Is the Must-Watch Political Thriller of 2024
- Merle Bombardieri Is Helping People Make the Baby Decision
Contact us at letters@time.com