Please refer to theAnnexfor an outline of the expanded scope of activities under these payment services (Newly Scoped-in Payment Services) as set out in the Amendment Act. The Consultation Paper sets out the proposed amendments to be put in place ...
The Company is required to comply with all applicable laws, regulations, notices and guidelines issued by the relevant government and regulatory authority, including the Payment Services Act 2019 of Singapore and MAS Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrori...
Grandfathering provisions to exempt specific entities from the amendments to the PS Act for six months will be introduced via the forthcoming Payment Services (Exemption for Specified Period) Regulations 2023. Entities looking to rely on the grandfathering provisions will need to comply w...
Addressing risks associated with AML/CFT The Bill proposes to expand the definition of cross-border money transfer services to cover entities in different countries. Depending on the reputational risks and factors surrounding ML/TF, licenses subject to MAS' AML/CFT regulations are to be acquired. I...
(a) Breach this Agreement, a Commercial Entity Agreement (if applicable), or any other agreement that you have entered into with us in connection with the Braintree Payment Services;(b) Violate any federal, state, or local laws, rules, or regulations applicable to your business;...
The 2019 Amendment added crypto assets to the term “financial instruments” for the purposes of defining underlying assets of the derivative transactions subject to derivative regulations under the FIEA, and therefore the same regulations applicable to other derivative transactions under the FIEA will ...
Aimed at strengthening regulation over payment institutions’ management of customer reserves so that they will be prevented from misappropriating and embezzling customer reserves for their own benefits and remedy these malpractices if any, ...
In accordance with Government regulations under the Money Laundering and Terrorist Financing Regulations (2019), we are required, in certain circumstances and if over £8000 are spent, to carry out administrative checks before completing a sale transaction. Consequently, we may require copies of suit...
International Conferences and Trainings will be presenting its 3rd Annual International Payment Forum in Vienna, Austria on the 21st and 22nd of November 2019. Here they will provide attendees with updates on regulations from top industry professionals to enable them to understand the latest trends ...
Fiserv says its Global Risk and Controls Framework and Global Cybersecurity Services help ensure adherence to the regulations established under the PS Act in Singapore, and those of other regulatory bodies in markets where it operates. The firm promises to continue enhancing its rigorous compliance pr...