Singapore classifies digital payment tokens as a high-risk category in the field of anti-money laundering

2024-06-20 19:34:52

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ChainCatcher news, according to Cointelegraph, Singapore's updated national risk assessment for anti-money laundering highlights significant risks in the field of anti-money laundering, particularly in the financial sector, where digital payment token (DPT) service providers pose greater vulnerabilities. The 126-page report identifies new risk areas not included in the previous report released in 2014, including virtual asset service providers as well as gemstone and precious metal trading.

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