Does your financial institution have robust Customer On-boarding process in place, which filters out potential terrorists, drug dealers and other anti-social elements as well as individuals/entities having links with them?

Does your financial institution have Customer On-boarding process in place, which also filters out individuals/entities listed across multiple global and local watch-lists? Are your automated processes currently aligned with Prevention of Money Laundering guidelines of Monetary Authority of Singapore?

How would your nation react, if an arms dealer with past record of embassy bombing, manages to obtain a visa from any of your consular office, to sneak into your country? Would you like to block Visa Applicants, appearing in any global Watch Lists, at filing stage itself?