MAS Introduces Further Investor Protection Measures for Digital Payment Token Service Providers
On 26 October 2022, the Monetary Authority of Singapore (MAS) issued a consultation paper setting out its proposed regulatory measures for licensed and exempt payment service providers
Singapore Updates Risk Assessments on Laundering & Terrorism
On June 20, 2024, Singapore released its updated Money Laundering National Risk Assessment (NRA), followed by the updated Terrorism Financing National Risk Assessment on July 1, 2024. These updates are part of Singapore's ongoing commitment to enhancing its anti-money laundering and counter-terrorism financing (AML/CFT) regime, aligning with best practices recommended by the Financial Action Task Force (FATF).