Notices
PSN01AA Prevention of Money Laundering and Countering the Financing of Terrorism - Persons Providing Account Issuances Services who are Exempted under the Payment Services (Exemption for Specified Period) Regulations 2019
Anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements to facilitate the transition of existing stored value facility holders
This Notice is a transitional arrangement and is intended to substantially apply the requirements of PSOA-N02 to persons providing account issuance services who are exempted under the Payment Services (Exemption for Specified Period) Regulations 2019 during the transition period. This Notice takes effect on 11 February 2021.
Amendment Notes
- 2 Jul 2021
- Notice PSN01AA (Amendment) 2021 (525.1 KB)takes effect.
Related to this Notice
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NoticesPublished Date: 05 December 2019
PSN01A Prevention of Money Laundering and Countering the Financing of Terrorism - Persons Providing Account Issuances Services who are Exempted under the Payment Services (Exemption for Specified Period) Regulations 2019
Anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements to facilitate the transition of existing stored value facility holders
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ActsPublished Date: 15 April 2019
Payment Services Act 2019
The Payment Services (PS) Act is a forward looking and flexible framework for the regulation of payment systems and payment service providers in Singapore. It provides for regulatory certainty and consumer safeguards, while encouraging innovation and growth of payment services and FinTech. Parliament passed the PS Act...