Showing 4218 Documents for "DPT service"
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- Speeches
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- Mr Mark Austen, CEO ASIFMA, Distinguished guests, Ladies and gentlemen, 1 Good morning. Thank you for inviting me to join you at this 2018 ASIFMA Annual Conference. Post-crisis Regulatory Reforms 2 It has been ten years since the Global Financial Crisis. Many of you will be familiar with the post-crisis reforms to make the financial system more stable and resilient, such as on the quality and quantity of banking regulatory capital and the enhanced liquidity requirements. A minimum leverage
- MAS
- Speeches
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- The payment services regulated under the Bill are: a) account issuance service; b) domestic money transfer service; c) cross border money transfer service; d) merchant acquisition services; e) e-money issuance service; f) digital payment token service; g) money-changing service.
- Domestic money transfer service Cross border money transfer service Merchant acquisition service E-money issuance service Digital payment token service Providing local funds transfer service in Singapore. This includes payment gateway services and payment kiosk services.
- MAS
- Notices
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- payment token service has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 626 (Amendment) 2022] 1 In the case of a limited liability partnership or a limited partnership. 4 -------- digital payment token transfer service means the service of accepting digital payment
- : (a) a digital payment token service; (b) a digital payment token transfer service; (c) a custodian wallet service; [MAS Notice 626 (Amendment) 2022] STR means suspicious transaction report; STRO means the Suspicious Transaction Reporting Office, Commercial Affairs
- digital CMP token means a digital representation of a capital markets product which can be transferred, stored or traded electronically; digital payment token has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 626 (Amendment) 2022] [MAS Notice 626 (Amendment) 2022] digital
- MAS
- Speeches
Last revised date:
- Good morning. Thank you for joining us today. Let me start with the elephant in the room. MAS seems to be sending mixed signals when it comes to crypto and digital assets. On the one hand, MAS is promoting Singapore as a FinTech hub, partnering industry to explore distributed ledger technology (DLT), and supporting innovation in digital asset use cases. MAS has said it wants to attract leading crypto players to Singapore. On the other hand, MAS has a stringent and lengthy licensing process for those
- MAS
- Notices
Last revised date:
- payment token service has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 1014 (Amendment) 2022] digital payment token transfer service means the service of accepting digital payment token from one digital payment token address or account, whether in Singapore or outside
- : a digital payment token service; a digital payment token transfer service; a custodian wallet service; [MAS Notice 1014 (Amendment) 2022] STR means suspicious transaction report; STRO means the Suspicious Transaction Reporting Office, Commercial Affairs Department of the Singapore
- transferred, stored or traded electronically; digital payment token has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 1014 (Amendment) 2022] [MAS Notice 1014 (Amendment) 2022] 1 In the case of a limited liability partnership or a limited partnership 4 -------- digital
- MAS
- Monographs/Information Papers
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- MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin. The report provides technical insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could benefit the financial industry and blockchain ecosystem PROJECT UBIN PHASE 5 Enabling Broad Ecosystem Opportunities POWERED BY -------- FOREWORD Beyond technical experimentation, Phase 5 sought to determine the commercial
- MAS
- Notices
Last revised date:
- 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 token address or account, whether in Singapore or outside
- : a digital payment token service; a digital payment token transfer service; a custodian wallet service; [MAS Notice 824 (Amendment) 2022] STR means suspicious transaction report; STRO means the Suspicious Transaction Reporting Office, Commercial Affairs Department of the Singapore
- digital CMP token means a digital representation of a capital markets product which can be transferred, stored or traded electronically; [MAS Notice 824 (Amendment) 2022] digital payment token has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 824 (Amendment) 2022] digital
- MAS
- Guidance
Last revised date:
- Digital payment token service providers, precious stone and metals dealers, and non-profit organisations were also identified as sectors that are more susceptible to TF.
- DPT risks are increased when the transactions concern jurisdictions which have yet to regulate and supervise DPT service providers.
- they offer, o Terrorists and their financiers may further exploit services such as mixers, tumblers and privacy coins to obfuscate their transaction flows. 2 https://www.mas.gov.sg/publications/monographs-or-information-paper/2022/terrorism-financing-national-risk-assessment-2020.
- MAS
- Speeches
Last revised date:
- Since the introduction of the Payment Services Act to regulate DPT service providers, MAS has stepped up our efforts to set clear supervisory expectations of AML/CFT controls, and enhance our surveillance of the sector.
- FIs looking to offer DPT services should also institute the necessary controls to ensure that these risks are appropriately mitigated. b. Another area is the use of Variable Capital Companies, or VCCs. The number of VCCs has grown significantly since the framework was introduced in January 2020.
- MAS
- Speeches
Last revised date:
- Since the introduction of the Payment Services Act to regulate DPT service providers, MAS has stepped up our efforts to set clear supervisory expectations of AML/CFT controls, and enhance our surveillance of the sector.
- FIs looking to offer DPT services should also institute the necessary controls to ensure that these risks are appropriately mitigated. b. Another area is the use of Variable Capital Companies, or VCCs. The number of VCCs has grown significantly since the framework was introduced in January 2020.