Payment Services Act 2019: Primary legislation governing payment systems and service providers in Singapore. Includes licensing requirements for fund transfer services and regulations for digital payment token services.
Banking Act (Chapter 19): Core banking legislation that regulates banking business and fund transfer activities in Singapore, including provisions on banking secrecy and disclosure requirements.
Monetary Authority of Singapore Act: Establishes regulatory framework for financial institutions and provides oversight of payment and settlement systems under MAS jurisdiction.
MAS Notice PSN02: Regulatory notice on Prevention of Money Laundering and Countering the Financing of Terrorism, covering customer due diligence, transaction monitoring, and record keeping requirements.
Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, including requirements for cross-border data transfers and consent obligations.
Electronic Transactions Act: Provides legal framework for electronic transactions and signatures, ensuring their recognition and validity in Singapore.
Singapore Contract Law: Common law principles governing formation and validity of contracts, including rights and obligations of contracting parties.
AML/CFT Regulations: Regulatory requirements for Anti-Money Laundering and Countering the Financing of Terrorism, including transaction reporting and monitoring obligations.
