sg-crest A Singapore Government Agency Website

Notices
 Published Date: 30 May 2025

MAS Notice FSM-N27 Prevention of Money Laundering and Countering the Financing of Terrorism

Requirements for digital payment token service providers on anti-money laundering (AML) and countering the financing of terrorism (CFT).

This Notice takes effect on 30 June 2025.
Applies to: Digital Token Service Provider
View Notice MAS Notice FSM-N27 Prevention of Money Laundering and Countering the Financing of Terrorism (393.6 KB)
Digital token service providers are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore's financial system. Such controls include the need for digital token service providers to identify and know their customers (including beneficial owners), to conduct regular account reviews, and to monitor and report any suspicious transaction. 

Amendment Notes

30 June 2025
(393.6 KB) MAS Notice FSM-N27 (Amendment) dated 30 June 2025 takes effect on 1 July 2025.

30 May 2025
(416.6 KB) MAS Notice FSM-N27 dated 30 May 2025 takes effect on 30 June 2025.