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MAS updates the PS Act FAQs to reflect recent updates on regulated payment services and the stablecoin regulatory framework.

Payment Services Act FAQs Updated

Date
Apr 25, 2024
Author
OrionW
MAS updates the PS Act FAQs to reflect recent updates on regulated payment services and the stablecoin regulatory framework.
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MAS issues new customer protection guidelines for DPT services which will take effect from 4 October 2024.

MAS Issues Crypto Customer Protection Guidelines

Date
Apr 5, 2024
Author
OrionW
MAS issues new customer protection guidelines for DPT services which will take effect from 4 October 2024.
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The amended Payment Services Act, which expands the scope of regulated payment services, goes into effect on 4 April 2024.

Expanded Scope of Regulated Payment Services Takes Effect

Date
Apr 4, 2024
Author
OrionW
The amended Payment Services Act, which expands the scope of regulated payment services, goes into effect on 4 April 2024.
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Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.

MAS Updates AML-CFT Requirements for DPT Service Licensees

Date
Apr 4, 2024
Author
OrionW
Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.
Read more
The Financial Institutions (Miscellaneous Amendments) Bill 2024 harmonises and strengthens MAS’s regulatory powers across various financial institutions.

FIMA Bill to Enhance MAS Regulatory Powers Passed

Date
Mar 10, 2024
Author
OrionW
The Financial Institutions (Miscellaneous Amendments) Bill 2024 harmonises and strengthens MAS’s regulatory powers across various financial institutions.
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A Singapore court issues a landmark ruling on the situs of a crypto asset in a cross-border insolvency proceeding.

SG Court Rules on Situs of Crypto Assets

Date
Jan 29, 2024
Author
OrionW
A Singapore court issues a landmark ruling on the situs of a crypto asset in a cross-border insolvency proceeding.
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OrionW is a boutique law firm specialising in Singapore and cross-border corporate, commercial and regulatory matters, with a focus on technology, media and telecommunications (TMT) and financial technology (FinTech). We are dedicated to providing excellent legal service to clients at the leading edge of their markets.
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OrionW LLC (UEN 201505714C) is a Singapore law practice incorporated with limited liability.