Showing 4218 Documents for "DPT service"
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- MAS
- Consultations
Last revised date:
- known as DPT service providers or DPTSPs). 2.2.
- In the Consultation Paper on Proposed Regulatory Measures for Digital Payment Token Services published on 26 October 2022, MAS proposed regulatory measures for licensed and exempt payment service providers1 that carry on a business of providing a DPT service under the PS Act (collectively
- This consultation paper sets out proposed amendments to the Payment Services Regulations 2019, to implement key segregation and custody requirements for digital payment token services.
- MAS
- Consultations
Last revised date:
- service in a digital form, whether on a PC or mobile phone.
- For a non-Singapore based DPTS provider where DPT-related services are accessible from within Singapore, would these requirements apply?
- MAS also welcomes suggestions on other types of DPT-related services that a digital payment token service providers (DPTS providers) provider could be involved in and which may pose ML/TF risk, necessitating application of AML/CFT measures as well.
- MAS
- Consultations
Last revised date:
- Payment Token Service.
- This consultation paper sets out proposed regulatory measures for licensed and exempt payment service providers1 that carry on a business of providing a digital payment token (DPT) service under the Payment Services Act 2019 (PS Act) (collectively known as DPT service providers or DPTSPs
- This consultation paper sets out proposed regulatory measures for digital payment token service providers, as well as prohibitions against unfair trading practices that are generally applicable to all market participants, to address market integrity risks in digital payment token services.
- MAS
- Guidance
Last revised date:
- with DPT service providers, reasons for customers DPT transmission, etc.)
- Token (DPT) Service Providers.
- Slide 12 Slide 12 -------- (III) DPT service providers should conduct regular review of their AML/CFT controls DPT service providers should conduct a regular review of its policies, procedures and controls.
- MAS
- Guidelines
Last revised date:
- A person carrying on a business of providing any service of dealing in digital payment tokens or any service of facilitating the exchange of digital payment tokens must be licensed and will be regulated under the PS Act for AML/CFT purposes only and will be required to put in place policies, procedures
- MAS
- Explainers
Last revised date:
- A person carrying on a business of providing any service of dealing in digital payment tokens or any service of facilitating the exchange of digital payment tokens must be licensed and will be regulated under the PS Act for AML/CFT purposes only and will be required to put in place policies, procedures
- MAS
- Monographs/Information Papers
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- As the Act has been published, it should consider the obligations under the Act, as well as AML/CFT obligations that apply to digital payment token service providers which will be published for consultation.
- A person carrying on a business of providing any service of dealing in digital payment tokens or any service of facilitating the exchange of digital payment tokens must be licensed and will be regulated under the PS Act for AML/CFT purposes only and will be required to put in place policies
- MAS
- Media Releases
Last revised date:
- The definition of DPT services will be expanded to include the transfer of DPTs, provision of custodian wallet services for DPTs, and facilitating the exchange of DPTs without possession of moneys or DPTs by the DPT service provider, when the amendments to the PS Act take effect. 3.
- The list of such entities can be found in this link . under the Payment Services Act (PS Act). DPT services include the buying or selling of DPTs or facilitating the exchange of DPTs.
- Amendments to PS Act have been passed in January 2021 to expand the scope of regulated DPT services to align with the enhanced standards by Financial Action Task Force (FATF). More information can be found in this link . ****
- MAS
- Notices
Last revised date:
- ; (f) digital payment token services; (g) money-changing services.
- the same digital payment token service provider -------- (b) Transfers of digital payment tokens from one digital payment token address to another digital payment token address that are: (i) controlled by another digital payment token service provider that is subject to or supervised
- resident in Singapore, for the purposes of providing digital payment token services (b) Number of accounts issued to persons resident outside Singapore, for the purposes of providing digital payment token services (c) Number of accounts that are issued where there is no face-to- face
- MAS
- Consultations
Last revised date:
- Will there be CDD exemptions for regulated FIs in Singapore that conduct DPT/DT services?
- Where the DTs are DPTs, such entities may be considered to be carrying on business of providing DPT service under the PS Act.
- There was also a suggestion to scope in the proposed DT activities into the PS Act or SFA instead of FSMA.