Regulatory Alerts2025-06-30
Added
MAS Notice PSN02 Prevention of Money Laundering and Countering the Financing of Terrorism – Digital Payment Token Service
The Monetary Authority of Singapore issued Notice PSN02 to impose anti-money laundering and countering the financing of terrorism requirements on digital payment token service providers. The regulation mandates robust controls including customer due diligence, risk assessment, suspicious transaction reporting, and record keeping to detect illicit fund flows. These requirements apply to standard and major payment institutions and are enforced under the Payment Services Act framework.