Posts in the Singapore Regulatory Watch category.
MinLaw already published what its inspectors found wrong in precious stones and metals dealers. Here is how to be ready, built on the regulator's own findings.
Below S$20,000 the designated transaction rules go quiet, but the suspicion and reporting duties do not. What MinLaw has already written down for dealers.
Under the PSPM Act, the S$20,000 customer due diligence threshold depends on how a customer pays. The sanctions screening duty has no threshold at all.
What Singapore's registered precious stones and metals dealers must actually do under the PSPM Act: registration, checks, and the semi-annual return.
Singapore's gold hub plan signals more than vaulting upgrades. For regulated dealers and advisors, industry uplift has historically meant sharper inspections.