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APAC · Singapore MAS

MAS AML/CFT Guidelines for Digital Payment Token Service Providers

GuidelineIn Force
View official source
Issuing authority
MAS
Effective date
In force since 2020; expanded April 2024
Scope
MAS

Key requirements

Singapore's AML rules for crypto firms. Anyone offering crypto services in Singapore needs to comply: Travel Rule for crypto transfers (originator and beneficiary information must accompany the transaction), enhanced CDD for digital tokens, transaction monitoring and suspicious transaction reporting to MAS. Expanded in 2024 to cover custodial services and cross-border money transfers involving crypto.

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