Singapore's MAS Sets AML/CFT Guidelines for Digital Payment Token Providers
The Monetary Authority of Singapore (MAS) has released an Information Paper detailing its expectations for digital payment token service providers (DPTSPs) regarding anti-money laundering and countering the financing of terrorism (AML/CFT) measures. Published on July 13, 2026, the paper outlines supervisory expectations in areas such as risk assessment, customer due diligence, and ongoing monitoring. DPTSPs are required to conduct a gap analysis and implement necessary changes under the oversight of their boards and senior management. The paper emphasizes the need for effective risk detection and mitigation strategies to address the unique challenges posed by the pseudonymous and cross-border nature of digital payment transactions. 
