Regulatory Alerts2025-06-30
Added
Guidelines to Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services
The Monetary Authority of Singapore issues these guidelines to specify anti-money laundering and countering the financing of terrorism requirements for payment service providers, excluding digital payment token service providers. The document provides detailed operational guidance to help entities comply with Notice PSN01 and must be read in conjunction with the primary notice. These regulations were revised on 30 June 2025, following a previous update on 2 April 2024 that cancelled the 2020 version of the guidelines.
Guidelines
Last Revised Date: 30 June 2025
Guidelines to Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services
Guidelines for payment service providers (other than a digital payment token service provider) on Notice PSN01 for the prevention of money laundering and countering the financing of terrorism.
View Document
Guidelines to Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services
(661.7 KB)
These guidelines provide guidance to payment service providers on the requirements in Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services. They should be read in conjunction with the Notice.
30 June 2025 Previous Guidelines to Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services dated 2 April 2024 (11.7 MB) is revised on 30 June 2025. [Amendments]
2 April 2024 Guidelines to Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services dated 2 April 2024 (11.7 MB) takes effect from 4 April 2024. [Amendments]
2 April 2024 This MAS Notices PSN01, PSN02 (Cancellation) 2024 (112.4 KB) cancels Guidelines to Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services dated 16 March 2020 (810.4 KB) with effect from 4 April 2024. [Amendments]
Requirements for payment service providers (other than a digital payment token service provider) on anti-money laundering (AML) and countering the financing of terrorism (CFT)