CIRCULAR
To	:	1. All Compliance Officers and Internal Auditors of PayNet’s Participants 2. PayNet BCM Working Group 3. All Non-Bank Participants
From	:	Risk and Compliance Division, PayNet
Date	:	2 September 2024
Subject	:	Report Submission to One Stop Portal (OSP)
Product	:	All PayNet Products/Services
Reference Number	:	PN-RCD-CD003

 

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Dear Participants,

Please be advised that a new module has been introduced in the One Stop Portal (OSP) for the Risk and Compliance Division of PayNet, depicted in Appendix I. This module will centralize all report submissions from the year 2024 onwards.

All report submissions for products and services related to the Risk and Compliance Division of PayNet should be made through the OSP. The list of key reports along with the effective date of the report submission via the OSP is as per Appendix II of this circular.

Participants subscribed to our products and services are reminded that, while we highly encourage the usage of the OSP for report submission, we acknowledge that some of you may still be adapting to this system. During this transition phase, we will consider accepting email submissions on a case-by-case basis to ensure a smooth adjustment. However, we advocate using the OSP for all forthcoming submissions to make the process more efficient.

To facilitate a smooth transition of the process, Compliance Department of PayNet will send subsequent emails to the Compliance Officers and Internal Auditors of PayNet’s Participants regarding the following. 

1.  registration instructions for the Report Module (it is important to note that the completion of the registration is essential to ensure the seamless submission of all relevant reports)
2. a walkthrough session that will be conducted to assist you in utilising the OSP platform efficiently

All BCM and Non-Bank Participants had been informed of the above.

Participants will be communicated via e-mail, should there be any unforeseen events during the transition.

If you need additional information, feel free to reach out to anyone in the Risk and Compliance Division or 
through the group emails provided:

• Compliance Department (compliance@paynet.my)
• Risk Department (tpa.risk@paynet.my)
• BCM Department (bcm@paynet.my)

Related Links

• Guidelines for Assessment of Compliance to Participation Rules and Operational Procedures for PayNet’s Services v2.5: Click Here
   

Thank You.

 

Ken Yon Kian Guan
Senior Director 

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Restricted Access and Confidentiality Notice:
This document and its contents, including any enclosures, are strictly confidential. Participants are hereby notified of their obligation to ensure the following:

Limited Dissemination:
Circulation of this document and its enclosures is restricted to authorized personnel with a legitimate need to know the information contained herein.

Content Protection:
The contents of this document must not be disclosed or discussed with unauthorized individuals.

Documents Retrieval:
To retrieve the documents in this Circular, you are required to sign in to PayNet One Stop Portal ( https://portal.paynet.my ) with PayNet Single Sign-On (SSO). Within the "CIRCULARS" section, you will find the relevant documents associated with this Circular available for download.