Trusts and Trust Like Arrangements in Singapore

This microsite sets out:

• The different types, forms and basic features of express trusts and wakafs, a trust-like arrangement under Muslim law,^[1]; and

• The processes for (i) setting up such express trusts and wakafs; and (ii) obtaining basic and beneficial ownership information regarding them; and

• Trustees’ obligations and duties, including with respect to Anti Money Laundering / Countering the Financing of Terrorism (“AML/CFT”).

  If you suspect a trustee may have breached his AML/CFT obligations, please write to us at this link.
  

Useful Links:

• Money Laundering and Terrorism Financing Risk Assessment of Legal Arrangements:

  The document is in PDF format, to view please click here.

• Other Money Laundering, Terrorism Financing and Proliferation Financing Risk Assessments:

  Please click here.

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^[1] The wakaf is a Muslim arrangement and not a trust within the meaning of the Trustees Act 1967 (Mohamed Shariff Valibhoy v Arif Valibhoy [2016] 2 SLR 301 at [97]).