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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.
A regulatory compliance retainer gives Singapore firms ongoing, senior compliance support without overreach. Here is how it works for PSPM dealers and MAS-regulated firms.
Singapore's gold hub plan signals more than vaulting upgrades. For regulated dealers and advisors, industry uplift has historically meant sharper inspections.
Scale With Trust is the Azentiq Nexus Consulting blog. Practical compliance writing for regulated firms in Singapore. New posts every Tuesday and Thursday.