Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF) Statement

At Payoutt, we are fully committed to conducting our business in strict compliance with the Monetary Authority of Singapore (MAS) regulations, including the Payment Services Act and the MAS Notice PSN01 on the Prevention of Money Laundering and Countering the Financing of Terrorism.

We maintain a zero-tolerance policy towards money laundering, terrorist financing, and any other financial crime. Our commitment is reflected in the following key principles:

• We operate under the licence of Major Payment Institution issued by MAS.
• We adhere to all relevant AML/CTF laws, regulations, and international standards, including those set by the Financial Action Task Force (FATF).

• We verify the identity of all customers in accordance with MAS requirements.
• We apply Enhanced Due Diligence (EDD) for higher-risk customers, transactions, and jurisdictions.
• We maintain accurate, complete, and up-to-date customer records.

• All transactions are screened and monitored for unusual or suspicious activity.
• We employ automated systems and trained compliance staff to detect red flags.

• We promptly report any suspicious transactions to the Suspicious Transaction Reporting Office (STRO).
• We fully cooperate with relevant authorities in investigations and enforcement actions.

• All employees undergo regular AML/CTF training to understand their obligations and recognise suspicious activities.
• Our dealing team and compliance officers are trained to apply AML measures without disrupting customer service quality.

• We retain all transaction and identification records for at least 5 years as required by law.

Our Commitment:

Payoutt is dedicated to protecting the integrity of the financial system. We strive to ensure that our services are never used for illicit purposes and that we maintain the highest standards of transparency, compliance, and ethical business conduct.