As a regulated financial institution, StraitsX is required to comply with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations established by the Monetary Authority of Singapore (MAS) and aligned with global standards such as the Financial Action Task Force (FATF).
To meet these obligations, StraitsX collects Know Your Customer (KYC) information for individuals and Know Your Business (KYB) information for corporate entities.
This process helps ensure that financial services are used safely and responsibly while maintaining the integrity of the payment network.
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