Regulatory Alerts2025-06-30
Added
Guidelines to Notice 626A on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees
The Monetary Authority of Singapore issues these guidelines to provide credit card and charge card licensees with detailed guidance on complying with Notice 626A regarding anti-money laundering and countering the financing of terrorism. The document mandates that licensees read these guidelines in conjunction with the primary notice to understand their regulatory obligations effectively. This current version, revised on 30 June 2025, supersedes and cancels the previous guidelines dated 24 April 2015 with effect from 1 July 2025.
Guidelines
Last Revised Date: 30 June 2025
Guidelines to Notice 626A on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees
Guidelines for credit card and charge card licensees on Notice 626A for the prevention of money laundering and countering the financing of terrorism.
AML/CFT
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Document
Guidelines to Notice 626A on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees
(578.4 KB)
These guidelines apply to all credit card and charge card licensees in Singapore. They provide licensees with guidance on the requirements in Notice 626A on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees .
These guidelines should be read in conjunction with the notice.
30 June 2025 This Cancellation of Notices (30 June 2025) (84.6 KB) cancels the Guidelines to MAS Notice 626A on Prevention of Money Laundering and Countering the Financing of Terrorism dated 24 April 2015
with effect from 1 July 2025. [Cancelled]
24 Apr 2015 Previous version dated 24 April 2015 (556.2 KB) [Cancelled]
Requirements for credit card or charge card licensees on anti-money laundering (AML) and countering the financing of terrorism (CFT).