MAS Sets Supervisory Expectations for Singapore Digital Payment Token Providers’ AML Controls
Singapore
Jul 31, 20261 sources
Key Takeaways
- 01MAS issued an Information Paper on 13 July 2026 setting out AML/CFT/CPF supervisory expectations for digital payment token service providers.
- 02The paper supplements existing requirements under MAS Notice PSN02 and its accompanying Guidelines; it does not replace them.
- 03Singapore DPT service providers should assess their compliance controls against MAS’s observations, particularly before supervisory engagement.
- 04The source identifies no separate effective date, deadline, or new standalone legal requirement.
The Monetary Authority of Singapore (MAS) published an Information Paper on 13 July 2026 outlining its supervisory observations and expectations for digital payment token service providers (DPTSPs) on anti-money laundering, countering the financing of terrorism, and countering proliferation financing controls.
The paper is aimed at DPTSPs operating in Singapore, including businesses providing services involving digital payment tokens. It supplements, rather than replaces, the binding requirements in MAS Notice PSN02 and its accompanying Guidelines. Firms should therefore read the Information Paper alongside those existing materials when assessing their compliance frameworks.