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8/12/2022 READOUT: Assistant Secretary Elizabeth Rosenberg’s Visit to Singapore | U.S. Department of the Treasury READOUT: Assistant Secretary Elizabeth Rosenberg’s Visit to Singapore August 11, 2022 SINGAPORE — On August 10 and 11, Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg met with counterparts in Singapore, including from the Ministry of Finance, the Ministry of Trade and Industry, and the Monetary Authority of Singapore. During these engagements, Assistant Secretary Rosenberg thanked her counterparts for Singaporeʼs strong action in imposing financial sanctions and export controls on Russia as part of the international communityʼs response to Putinʼs war against Ukraine and violation of Ukraineʼs sovereignty and territorial integrity. Assistant Secretary Rosenberg discussed e orts to mitigate the warʼs spillover e ects, including technical work toward a price cap on Russian oil to lower global energy prices and restrict Putinʼs revenue. Assistant Secretary Rosenberg also addressed protecting the U.S. and global financial system from the DPRKʼs illicit activities, and responding to the crisis in Burma, which has reversed years of economic progress and increased the risk of illicit finance. In these meetings, and in a meeting with President of the Financial Action Task Force T. Raja Kumar, Assistant Secretary Rosenberg also reviewed e orts to strengthen anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. In addition, Assistant Secretary Rosenberg met with private sector leaders, including executives from the energy, shipping, and financial services industries, to discuss e orts to mitigate the impact that Putinʼs war is having on global energy prices. ### https://home.treasury.gov/news/press-releases/jy0919 1/1
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