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 ...
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 wit...
This briefing is the latest in our coverage of Payment Services Regulations, the regulations by which the UK has implemented the EU’s revised Payment Services Directive 2015/2366 commonly known as “PSD2”. We have previously published abriefing on the Payment Services Regulations 2017, which are...
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...
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. ...
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; Violate any federal, state, or local laws, rules, or regulations applicable to your business; Violate any rule, guide...
If you wish to use Stripe’s payment services again, you will need to create a new Stripe account. Conclusion Stripe’s account-opening requirements are designed to help our users stay up-to-date on new features or changing regulations – including the new requirements introduced by the PSA ...
There areseveral peculiar issuesthat arise before foreigners attempting to breach into the Chinese online market. Among them, a special place belongs to thedocumentation: Chinese payment systems used to only have documentation in Chinese. This includes rules and regulations and all the manuals on usin...
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, ...
These terms survive any termination to the extent and for so long as we require to: (i) deal with matters arising from your use of the Fraud Tool prior to termination; and/or (ii) comply with applicable laws and regulations.