Singapore Payment Services Act 2019
MAS Notices and licensing guidelines – Singapore Payment Services Act 2019

Singapore Payment Services Act 2019 N-AML: Meet the AML/CFT requirements of Notices PSN01 or PSN02 and related laws

A licensee must comply with the AML/CFT requirements in Notice PSN01 (payment services other than DPT) and/or PSN02 (DPT services) and their Guidelines, the Financial Services and Markets Regulations including targeted financial sanctions, the Terrorism (Suppression of Financing) Act and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act; PSN02 also carries value transfer (travel rule), correspondent and agency arrangement requirements.

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