When working with MASAK AML, the Singapore anti‑money laundering framework that governs crypto exchanges, custodians and token issuers. Also known as MAS AML guidelines, it sets reporting duties, customer‑due‑diligence and transaction‑monitoring requirements, you instantly touch several other compliance pillars.
The Travel Rule, an international standard that forces virtual asset service providers (VASPs) to share sender and receiver data on transfers is a core component of MASAK AML. The FATF, Financial Action Task Force, issues the global AML recommendations that shape Singapore’s approach, ensuring the rules stay in line with worldwide expectations. Meanwhile, local crypto regulations, such as the Payment Services Act, require licensing and continuous oversight for digital‑asset businesses work hand‑in‑hand with MASAK AML to create a cohesive compliance environment.
MASAK AML encompasses the Travel Rule, which in turn requires VASPs to report detailed transaction information. FATF influences MASAK AML standards, while crypto regulations dictate the licensing framework that businesses must follow. Compliance tools and AML software help CASPs (crypto‑asset service providers) meet these obligations, turning abstract rules into actionable processes. Understanding each entity’s role lets you build a solid compliance strategy without drowning in legal jargon.
Below you’ll find articles that break down each piece—from step‑by‑step Travel Rule checklists to Singapore licensing guides—so you can see how these rules play out in real‑world crypto operations.
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