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On Monday 1 July, the Monetary Authority of Singapore published an updated version of the National Terrorist Financing Risk Assessment (NRA) and National Counter Terrorist Financing Strategy (CFT) criteria. In accordance with the new rules for assessing potential risks, Digital Payment Token (DPT) service providers conducting operations within the country have been assigned a medium-high level of danger in the national regulator’s grading system.

Companies that provide cross-border online payment services to crypto investors are in the highest risk zone. Because MAS are identified as a potential channel for illegal activities related to money laundering.