Articles and Events Summary Payment Services Act 2019 The Payment Services Bill (PSB) is an Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters. PSB was passed in Parliament on 14...
Money laundering and the terrorism financing remain a major concern for the integrity of European Union’s financial system and the security of its citizens. Over the last few years, the EU has developed a comprehensive regulatory framework for preventing money...
MAS has launched ‘Sandbox Express’ to provide firms with a faster option to market test some innovative financial products and services. Fundamentally, Sandbox Express shortens the approval process for firms to enter the Sandbox by relying on standard disclosures and...
A set of legally binding requirement was released by MAS today to raise the cyber security standards for the financial industry. This move is made with a view to strengthen the cyber resilience and enforce good cyber hygiene for the sector. MAS had sought the...
Articles and Events Summary IRAS considering GST exemption for Digital Payment Tokens This Article summarizes the new regulation pertaining to the exemption of Digital Payment Tokens from Goods and Services Tax (GST). The draft consultation is currently open for...
How to create a strategic Business Continuity Plan in line with MAS regulations What is Business Continuity Planning (BCP)? Business Continuity Planning is the readiness to manage business interruptions in order to provide continuity of services at an...
