Fintech News

JUNE 5, 2025

This includes carrying out customer due diligence (CDD), even on clients who were onboarded before they got licensed. Instead, it will decide timelines case by case and at the point of licensing, depending on each licensee’s customer risk profile. MAS shared that it wont set a fixed deadline for this.

Money Laundering 83

Money Laundering Due Diligence Cross-Border Rules 83

Fintech News

OCTOBER 8, 2024

Under this proposal, DTSPs must apply for a license, and MAS will assess various aspects of the applicant’s business model, financial sustainability, and adherence to international regulatory standards. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

Service Provider 108

Service Provider Due Diligence AML Money Laundering 108

PYMNTS

JUNE 17, 2020

The bank stands accused of failing to assess money laundering and terrorism financing risks; regulators said record-keeping was faulty and the company failed to monitor customer due diligence on transactions that may have been tied to child exploitation and endangerment. There was no evidence of intentional wrongdoing.”.

AML 75

AML Money Laundering Compliance Financial Crimes 75

Fintech News

JANUARY 24, 2024

The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

NOVEMBER 7, 2023

They should take into account risks such as the experience and track record of the service provider, understand the technical aspects of the Tokenised Securities (e.g., They should also maintain appropriate policies to mitigate technology risks and not use public-permissionless blockchain networks without additional and proper controls.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

The Payments Association

DECEMBER 9, 2024

As the FCA continues to assess firms’ operational resilience, it is vitally important that firms act now to modernise their infrastructure, implement comprehensive resilience plans, and demonstrate their ability to respond to and recover from disruptions without compromising critical services.

Rules 88

Rules Compliance Risk Management Regulations 88