MAS revokes Bsquared Technology’s licence, a major payment institution, for serious AML/CFT, risk management, and reporting breaches, banning it from digital payment token services

MAS identified serious regulatory breaches including deficiencies in risk management and governance, failures to comply with anti–money laundering and counter-terrorist financing requirements, and the submission of false or misleading information to the regulator. As a result, the company is no longer authorised to operate or provide digital payment token services in Singapore, underscoring MAS’s continued strict enforcement of financial sector integrity and compliance standards…