MAS Fines Five Payment Firms S$960,000 for AML Breaches

MAS fines five payment firms S$960,000 for AML lapses, including inadequate customer due diligence and transparency failures. OxPay SG was fined S$110,000; Remsea S$280,000; APT S$260,000; J-Dee S$170,000; MCT S$140,000. Firms will implement remedial measures, with MAS monitoring progress.