Regulatory Alerts2025-06-30
Added
PSN10 Prevention of Money Laundering and Countering the Financing of Terrorism - Exempt Payment Service Providers
The Monetary Authority of Singapore issues this notice to specify how anti-money laundering and countering the financing of terrorism requirements apply to exempt payment service providers. It details the regulatory obligations for entities providing account issuance, domestic money transfer, and e-money issuance services under the Payment Services Act 2019. This document, effective from 1 July 2025, cancels the previous version dated 28 June 2021 to update the regulatory framework for these specific payment products.