Notices
 Last Revised Date: 28 June 2021

PSN10 Prevention of Money Laundering and Countering the Financing of Terrorism - Exempt Payment Service Providers

Notice to exempt payment service providers on the application of anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements to the provision of payment services for specified products
Applies to: Full Bank (Branch) , Full Bank (Locally Incorporated) , Merchant Bank (Branch) , Merchant Bank (Locally Incorporated) , Finance Company , Credit and Charge Card Licensee , Standard Payment Institution , Major Payment Institution , Money-changing Licensee
View Notice PSN10 Prevention of Money Laundering and Countering the Financing of Terrorism - Exempt Payment Service Providers (268.5 KB)
This Notice sets out the application of AML/CFT Notices to persons exempt under section 13(1) of the Payment Services Act 2019 (Act 2 of 2019) in relation to the provision of payment services for a specified product that involves account issuance, domestic money transfer and e-money issuance services.

Amendment Notes