In Singapore, AML regulations require Dealers in Precious Stones and Precious Metals (PSPM) and Pawnbrokers to report certain transactions through a Cash Transaction Report (CTR) to the Suspicious Transaction Reporting Office.
We have provided an infographic that outlines the designated transactions that necessitate filing a CTR, along with important timelines and penalties for non-compliance.
AML Singapore serves as a consultancy service provider specializing in AML, offering extensive support to regulated dealers. Our services include creating frameworks for identifying designated transactions and assisting with reporting to the STRO.