Terms for Singapore

These terms apply to you if you, or the sender or recipient of your payment, are in Singapore. They add to the main Terms.

Regulatory position

Vaulte does not hold money and is not licensed by the Monetary Authority of Singapore. Payments for Singapore customers are held and moved by partners licensed or exempt under the Payment Services Act 2019 (for example as a major payment institution), and their terms and safeguarding arrangements apply. Funds held by a partner for you may be safeguarded by that partner as the Act requires; Vaulte makes no promise beyond what the partner states. Digital-payment-token services are provided only by a partner licensed for them.

Compliance

You must provide accurate information on the nature and purpose of the transaction and the source of funds, and comply with the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, the Terrorism (Suppression of Financing) Act, and MAS directives on sanctions. We and our partners may file suspicious-transaction reports with the Suspicious Transaction Reporting Office and are not allowed to tell you.

Taxes, third parties, disputes

Fees exclude Goods and Services Tax, which we add where the law requires. The Contracts (Rights of Third Parties) Act 2001 does not give anyone other than the parties and the partners named in the main Terms a right to enforce these terms. The main Terms' governing law and arbitration clause apply to businesses; judgments or awards may be enforced in Singapore. Nothing excludes liability that the Unfair Contract Terms Act 1977 does not allow to be excluded, or rights that the Consumer Protection (Fair Trading) Act 2003 gives a consumer. You can complain to us first and then to the Financial Industry Disputes Resolution Centre where a partner is a member of it and the dispute is within its scope.