Electronic Transactions Act (ETA): Primary legislation governing electronic transactions and digital signatures in Singapore, crucial for validating electronic payment verifications
Evidence Act: Determines the admissibility and validity of payment records and verification documents as evidence in legal proceedings
Currency Act: Governs the use and handling of Singapore currency in payment transactions
Banking Act: Regulates banking institutions and includes provisions on banking secrecy and payment processing
Monetary Authority of Singapore Act: Establishes MAS's regulatory authority over financial institutions and payment systems
Payment Services Act 2019 (PSA): Comprehensive framework for regulation of payment systems and payment service providers in Singapore
Payment Systems (Oversight) Act: Provides for the oversight of payment systems and stored value facilities in Singapore
Payment and Settlement Systems (Finality and Netting) Act: Ensures legal certainty for payment finality and netting arrangements in designated systems
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Contains AML provisions requiring verification of payment sources and reporting of suspicious transactions
Terrorism (Suppression of Financing) Act: Requires verification measures to prevent terrorism financing through payment systems
MAS Notice PSN02: Regulatory notice on Prevention of Money Laundering and Countering the Financing of Terrorism for payment service providers
Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data in payment verification documents
Singapore Common Law Contract Principles: Fundamental contract law principles applicable to payment verification letters and agreements
Unfair Contract Terms Act: Regulates the use of unfair terms in contracts, including payment-related documentation
