Uncovering Compliance and Operational Trends in Crypto Industry
- Finance & Investment
- Legal
This module is conducted in-person.
2 days
Weekdays (9am - 5pm)
Who Should Attend
- Compliance and risk management professionals from entities providing DPT services in Singapore
- Business owners of DPT services in Singapore
- Business owners and professionals seeking to venture into DPT service industry in Singapore
- Professionals seeking to learn and develop broad strategies in compliance and risk management in a regulated industry
PREREQUISITES
Participants should possess at least one of the following:
- Basic understanding and appreciation of regulatory compliance in Singapore
- Bachelor’s degree in any business, finance, or IT related discipline
Overview
New payment business models, including Digital Payment Token (DPT) services, have also blurred the lines between activities regulated under these two Acts. As such, the Payment Services (PS) Act was enacted in 2019 to streamline the regulation of payment services under a single legislation by combining the MCRBA and the PSOA, and to take into account, new developments in payment services and the various risks they pose. The PS Act will empower the Monetary Authority of Singapore (MAS) to regulate payment services for key risks and concerns, such as money-laundering and terrorism financing (ML/TF), loss of funds owed to consumers or merchants due to insolvency, technology, and cyber risks.
This course will provide participants with an astute insight and the confidence needed to respond to regulatory requirements under the PS Act and corresponding MAS’s notices and guidelines. Participants will also gain meaningful insights into the importance of having a well-curated compliance and operational risk management strategy to address the regulatory requirements applicable to their payment service business.
Learning Objectives
At the end of the 2-day course, participants will be able to:
- Identify the licensing and regulatory requirements under the PS Act that are applicable to DPT service providers
- Assess the compliance and operational risks concerning DPT services
- Implement compliance and operational risk management programs that commensurate with the regulatory obligations of DPT service providers
- Understand the compliance and operational risk management challenges faced by DPT service providers
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
SkillsFuture Credit
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).Workfare Skills Support Scheme
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees will be able to enjoy ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
Intake Information
This module is conducted in-person.
| Course | Dates |
|---|---|
| Intake 1 | 19 - 20 Mar 2025 [Open for Registration] |
*Online registration will close 5 calendar days before the course start date
