Showing 4089 Documents for "payment services"
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- MAS
- Speeches
Last revised date:
- In recognition of the risks that these digital payment platforms can pose to the system as a whole if they are not adequately secure, MAS will be issuing a new Payment Services Bill (PSB).
- This will streamline the regulation of payment and remittance service providers under a single regulatory framework, and calibrated to whether an entity offer one, some or all parts of the retail payments value chain.
- For instance, the foray by hitherto non-regulated entities into various aspects of payments and financial services could necessitate a change from an institution-based regulatory approach towards an activity-based framework.
- MAS
- Parliamentary Replies
Last revised date:
- MAS has issued a circular to DPT service providers to underscore the importance of proper implementation of these controls, and the need to be vigilant against potential circumvention of the financial measures. 3.
- providers, otherwise known as “cryptocurrency” service providers.
- Both licensed and exempted DPT service providers must have robust controls to avoid facilitating prohibited transactions. These include procedures to know their customers and the beneficial owners of customers, and to screen these persons and their counterparties.
- MAS
- Consultations
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- Other transactions and payment for services which may support eligible cross-border trade are not included in the scope. 3.4 MAS has taken note of the feedback from the industry and will continue to review the scope of eligible cross-border trade and the related requirements with the
- MAS
- Notices
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- .: PSN04A Notice to licensees Payment Services Act 2019 (Act 2 of 2019) Issue Date: 5 December 2019 NOTICE ON SUBMISSION OF STATEMENT OF TRANSACTIONS AND PROFIT/LOSS Introduction 1.
- This Notice is issued pursuant to section 102(1) of the Payment Services Act 2019 (the Act) for the purposes of section 17(1) of the Act and applies to any licensee. Definitions 2.
- This Notice shall take effect on 28 January 2020. 3 -------- THE MONETARY AUTHORITY OF SINGAPORE PAYMENT SERVICES ACT 2019 SECTIONS 17 and 102(1) STATEMENT OF TRANSACTIONS AND PROFIT/LOSS ( Name of Licensee ) For the Period ( Start
- MAS
- Speeches
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- Introduction 1. Good morning, good afternoon and good evening – depending on where you may be attending this global event from. I congratulate the BIS on the success of this inaugural BIS Innovation Summit; which demonstrates the central banking community’s strong commitment to innovation, so that we may better serve our stakeholders. 2. I would like to share some perspectives on central bank innovation to round off this event. Firstly, why central banks should embrace innovation; Secondly
- MAS
- Parliamentary Replies
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- QUESTIONS NO 1439 AND 1407 NOTICE PAPERS 822 AND 833 OF 2017 FOR WRITTEN ANSWER Date: For Parliament Sitting on 11 September 2017 Name and Constituency of Members of Parliament Q 1439. Mr Ang Wei Neng, MP, Jurong GRC Q 1407. Mr Patrick Tay Teck Guan, MP, West Coast GRC Questions: Q 1439. To ask the Prime Minister how will the Ministry make it easier for residents to open and maintain bank accounts with low amounts of cash deposit. Q 1407. To ask the Prime Minister whether MAS will consider converting
- PDPC
- Public Consultations
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- .|\ +65 6223 8762 twobirdsrom OurRef: DMASG.0001/SRJ/JIQL Your Ref: - Date: 13 June 2013 Personal Data Protection Commission By Email Only 460 Alexandra Road pdpc_consultation@pdpc.gov.sg #10-02 PSA Building Singapore 119963 Dear Sirs PUBLIC CONSULTATION ON THE PROPOSED BUSINESS OPERATION OF
- MAS
- Notices
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- Act; [MAS Notice 824 (Amendment) 2022] digital payment token service has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 824 (Amendment) 2022] digital payment token transfer service means the service of accepting digital payment token from one digital payment
- ; [MAS Notice 824 (Amendment) 2022] 6 -------- SFA means the Securities and Futures Act 2001; [MAS Notice 824 (Amendment) 2022] (a) (b) (c) specified payment service means any of the following service: a digital payment token service; a digital payment token transfer service
- Data Protection Act 2012 (Act 26 of 2012); [MAS Notice 824 (Amendment) 2022] PS Act means the Payment Services Act 2019; [MAS Notice 824 (Amendment) 2022] reasonable measures means appropriate measures which are commensurate with the level of money laundering or terrorism financing risks
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 19 March 2020… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against four former insurance agents and two former bank employees for fraud and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Poh Kim Chuan, former representative of The Great Eastern Life Assurance Company Ltd (Great Eastern) 12 years Mr Chew Kheng Swee, former representative of Prudential Assurance Co. Singapore (Pte) Ltd (Prudential) 10 years Mr Yap Bin Chun
- MAS
- Annual Reports
Last revised date:
- The proposed framework will provide for the licensing, regulation and supervision of all payments service providers. These will include stored value facility holders, remittance companies, and virtual currency intermediaries.
- Proposed Payments Framework In August 2016, MAS consulted on a proposed activity-based framework for all payments services and the establishment of a payments council to enhance collaboration between users and payment providers.
- services and a payments council Developing a Smart Financial centre enhancing maS capabilitieS in Data analyticS Data Analytics Group established to position MAS and the financial sector for the digital economy of the future Monetary authority of Singaporeannual report 2016/17