# Video on AML/CFT Regulatory Framework for Precious Stones and Precious Metals Dealers (PSMD) in Singapore

**URL:** <https://www.amlfaqs.com/t/video-on-aml-cft-regulatory-framework-for-precious-stones-and-precious-metals-dealers-psmd-in-singapore/434>\
**Category:** Videos\
**Created:** [October 24, 2024, 7:37am UTC](https://www.amlfaqs.com/t/video-on-aml-cft-regulatory-framework-for-precious-stones-and-precious-metals-dealers-psmd-in-singapore/434 "2024-10-24T07:37:59Z")\
**Posts on this page:** 1\
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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 24, 2024, 7:38am UTC](https://www.amlfaqs.com/t/video-on-aml-cft-regulatory-framework-for-precious-stones-and-precious-metals-dealers-psmd-in-singapore/434/1 "2024-10-24T07:38:00Z")

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[![](https://canada1.discourse-cdn.com/flex010/uploads/amlfaq/original/1X/d629865e835d36ff99b7266feec9a01915f75a55.jpeg "AML/CFT Regulatory Framework for Precious Stones and Precious Metals Dealers (PSMD) in Singapore") ](https://www.youtube.com/watch?v=WUW1nI-BJ_Y)

Singapore boasts a strong regulatory framework for anti-money laundering and countering the financing of terrorism (AML/CFT) specifically for dealers of precious stones and precious metals (PSPM).

Dealers in this sector are classified as regulated entities, meaning they engage in regulated dealings or facilitate such transactions.

Regulated dealings in precious stones, metals, or related products include:

- Manufacturing
- Importing
- Possessing
- Selling
- Redeeming asset-backed tokens

The accompanying video provides an overview of the regulatory framework governing these dealings, which includes:

- The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDCA)
- The Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (PSPM Act)
- The Terrorism (Suppression of Financing) Act 2002
- The United Nations Act 2001

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