This regulatory analysis will focus on customer due diligence (CDD) timing triggers and is the first of a series that will compare the licensing regimes of e-money operators and banks. It will first lay out the role that e-money plays in three very different jurisdictions: Singapore; the United Kingdom; and the Philippines. It will then examine the CDD trigger requirements for e-money providers in each of these jurisdictions in comparison to the equivalent regulation that applies to banks.
VIXIO PaymentCompliance is a comprehensive regulatory analysis and monitoring solution. We help compliance teams track and monitor regulatory changes, helping them prepare for new requirements and identify where action needs to be taken to ensure compliance.
Trusted by compliance professionals and legal consultants, VIXIO PaymentsCompliance empowers firms to make the right decisions to protect and grow their business, in a more cost-effective and efficient way.
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