Singapore Increases Risk Level for Crypto Exchanges
The Monetary Authority of Singapore (MAS) has revised the country’s Terrorism Financing regulations, increasing the risk level for crypto exchange platforms from medium-low to medium-high. The Singaporean regulator published an update to the country’s National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism (CFT) on July 1. The purpose of the […]
Singapore’s MLNRA Marks Digital Payment Tokens as High-risk
Singapore’s Money Laundering National Risk Assessment (MLNRA) has flagged digital payment token service providers as a high-risk category in the Anti-Money Laundering (AML) landscape. The comprehensive 126-page report identifies new risk sectors not included in the previous report, published in 2014. These consist of precious stone and metal vendors and DPT service providers. The sector […]