tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

OxPay SG Faces Penalty for AML/CFT Lapses, Implements Remedial Measures

Story Highlights
OxPay SG Faces Penalty for AML/CFT Lapses, Implements Remedial Measures

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

OxPay Financial Limited ( (SG:TVV) ) has provided an announcement.

OxPay Financial Limited’s subsidiary, OxPay SG Pte. Ltd., has been fined S$110,000 by the Monetary Authority of Singapore for lapses in anti-money laundering and countering the financing of terrorism compliance between May 2021 and November 2022. In response, OxPay SG has taken significant steps to improve its compliance measures, including enhancing customer onboarding processes, transaction monitoring, and staff training, under a new management team committed to high regulatory standards.

More about OxPay Financial Limited

OxPay Financial Limited, incorporated in Singapore, operates in the financial services industry, focusing on payment solutions. Its primary services include facilitating secure and efficient payment transactions, with a market focus on enhancing financial system integrity.

Average Trading Volume: 1,657,227

Technical Sentiment Signal: Sell

Current Market Cap: S$6.34M

For a thorough assessment of TVV stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1