Indonesia (refine) → Hong Kong (China SAR) → Singapore · Sale or purchase of gold in Singapore

货物起点

Doré bar - unstamped → 999.9 kilobar

• Export duty (bea keluar) on gold

  Column 1 (reference price USD 2,800-<3,200/oz): doré 12.5%, granules 10%, cast bars 7.5%, minted bars 7.5%. Column 2 (>= USD 3,200/oz): doré 15%, granules 12.5%, cast bars 10%, minted bars 10% Gold doré, granules, cast bars and minted bars

  二手资料金额未确认

  • PMK 80/2025, Arts 2-5 and Lampiran

• Income tax Article 22 on gold bar purchases/sales

  0.25% Gold bars; exempt: sales to consumers, Bank Indonesia, digital gold market, bullion institutions (from 1 Aug 2025), holders of exemption certificates

  法律原文金额未确认

  • PMK 48/2023 as amended by PMK 52/2025; PMK 81/2024 as amended by PMK 51/2025, PMK 48/2023 Arts 2(5), 5

• Royalty (PNBP) on gold

  7% (HMA < USD 1,800/oz); 10% (1,800-<2,000); 11% (2,000-<2,200); 12% (2,200-<2,500); 14% (2,500-<2,700); 15% (2,700-<3,000); 16% (HMA >= USD 3,000/oz) Primary gold (emas primer), gold in copper concentrate, and gold in anode slime, each at the same banded rates

  法律原文金额未确认

  • PP 19/2025, Lampiran

• Royalty on gold under PP 26/2022 (superseded)

  官方指引

  • PP 26/2022

• People's mining fee (iuran pertambangan rakyat)

  法律原文

  • UU 3/2020, Art 70

• Carrying cash of IDR 100 million or more across the border must be declared to Customs; fine 10% of the cash, max IDR 300 million.

  IDR 100,000,000

  法律原文金额未确认

  • UU 8/2010, Arts 34, 35

• Natural-resource export proceeds must be placed in a DHE SDA special account and 100% retained in Indonesia for at least 12 months (from 1 Mar 2025, replacing 30%/3 months); sanction: suspension of export services.

  法律原文

  • PP 36/2023 as amended by PP 8/2025, Arts 6, 7, 16

• IPR holders may not use explosives or banned hazardous and toxic substances; government targets mercury-free status by 2030.

  法律原文

  • PP 96/2021, Art 66

• Mining without a permit (PETI) is punishable by up to 5 years' prison and IDR 100 billion fine (Art 158); receiving, processing, transporting or selling minerals not from a permit holder likewise (Art 161).

  法律原文

  • UU 3/2020, Arts 158, 161

• Precious-metal and jewellery traders are AML reporting parties: KYC, cash/equivalent transaction reports at IDR 500 million or more and STRs to PPATK within 14 working days.

  IDR 500,000,000

  法律原文金额未确认

  • UU 8/2010; PP 43/2015, UU 8/2010 Arts 17, 23, 27; PP 43/2015 Arts 2(1)(b), 4

• Bullion for OJK-licensed bullion business must be bars or plates of at least 99.9% Au.

  二手资料

  • POJK 17/2024

• IUP/IUPK production holders must process and/or refine mineral output in Indonesia; unprocessed ore cannot be exported. Gold leaves as refined bars, and since Dec 2025 doré carries the highest export duty (15%) to push refining at home.

  法律原文

  • UU 3/2020, Arts 102, 103

• Gold carried by departing travellers must be declared and export duty paid before departure (applied at airports since PMK 80/2025).

  二手资料

  • PMK 80/2025

• No general statutory cap on cash payments for gold was found; control is through reporting at IDR 500 million.

  未经核实

途经

• Customs duty on gold

  Nil All gold imports and exports; the Ordinance applies only to alcoholic liquors, tobacco, aircraft spirit, light diesel oil, motor spirit, kerosene and methyl alcohol (s.3(1))

  法律原文金额未确认

  • Dutiable Commodities Ordinance (Cap. 109), ss. 3(1), 4(1)

• Profits tax on gold trading profits

  Corporations: 8.25% on the first HK$2,000,000 of assessable profits and 16.5% above (Sch. 8B s.2(a)); unincorporated businesses: 7.5% and 15% (Sch. 8A s.2); years of assessment from 1 April 2018 Trading profits of Hong Kong gold dealers; not a transaction tax

  法律原文金额未确认

  • Inland Revenue Ordinance (Cap. 112), s. 14; Schs. 8A, 8B

    “Subject to the provisions of this Ordinance, profits tax shall be charged for each year of assessment on every person carrying on a trade, profession or business in Hong Kong in respect of his assessable profits arising in or derived from Hong Kong for that year from such trade, profession or business (excluding profits arising from the sale of capital assets)”

• VAT / GST on gold

  None (Hong Kong has no VAT or GST) Import and sale of gold

  未经核实金额未确认

• Import/export declaration charge

  Nil on declarations relating to gold bars (reg. 8(4)); C&SD defines these as gold bars of fineness 995.0 or above, HKHS codes 7108 1210 and 7108 2010, declared on Forms 1B/2B. Other gold (e.g. dore below 995.0): HK$0.20 for value up to HK$46,000, then 12.5 cents per additional HK$1,000 or part, rounded up to 10 cents, capped at HK$200 per declaration (reg. 8(1)(b)-(d), (1AA)) Each import and export declaration

  法律原文金额未确认

  • Import and Export (Registration) Regulations (Cap. 60E), reg. 8(1), (1AA), (4); reg. 7

    “No charge shall be payable under paragraph (1)(b), (c) or (d) in respect of a declaration relating to gold bars within the meaning of the Imports and Exports Classification List”

• A Category B registrant must, before a specified cash transaction (cash of HK$120,000 or more) with a customer, identify and verify the customer and any beneficial owner, obtain the purpose of a business relationship and verify anyone acting for the customer (Sch. 2 ss.2, 3(1)(b)); obtain senior-man…

  Cash payment of HK$120,000 or more

  法律原文

  • AMLO (Cap. 615) s. 5A and Sch. 2; C&ED Guideline for Category B registrants, s. 5A(5A)-(5B); Sch. 2 ss. 2, 3, 5, 10, 15, 19, 20; s. 53ZVF

    “for a period of at least 5 years beginning on the date on which the transaction is completed”

• A non-Hong Kong dealer (an individual not ordinarily resident, or a foreign legal person that is neither a registered non-Hong Kong company nor a re-domiciled company; no place of business in Hong Kong; business in Hong Kong on no more than 60 days a year) is outside registration but must report eac…

  HK$120,000 cash

  法律原文金额未确认

  • AMLO (Cap. 615) Part 5C, ss. 53ZTZ, 53ZUA(2), 53ZVK; Sch. 3J

• Any person who knows or suspects that property represents proceeds of, or was or is intended to be used in connection with, an indictable offence (OSCO s.25A(1)) or drug trafficking (DTROP s.25A(1)), or that property is terrorist property (UNATMO s.12(1)), must disclose it to an authorized officer (…

  法律原文

  • OSCO (Cap. 455), DTROP (Cap. 405), UNATMO (Cap. 575), Cap. 455 s. 25A; Cap. 405 s. 25A; Cap. 575 s. 12

    “Where a person knows or suspects that any property— (a) in whole or in part directly or indirectly represents any person’s proceeds of; (b) was used in connection with; or (c) is intended to be used in connection with, an indictable offence, he shall as soon as it is reasonable for him to do so disclose that knowledge or suspicion … to an authorized officer”

• Hong Kong applies only UN Security Council sanctions, through regulations the Chief Executive makes under Cap. 537 on instructions from the Ministry of Foreign Affairs (ss.2-3); dealing with funds or economic resources of designated persons without a licence is an offence under those regulations (C&…

  法律原文

  • United Nations Sanctions Ordinance (Cap. 537), ss. 2-3

    “the Ministry of Foreign Affairs of the People’s Republic of China”

• Currency and bearer negotiable instruments above HK$120,000 (Sch. 4) must be declared by arriving travellers (s.4), disclosed on request by other arrivals and by departing travellers (ss.5-6), and declared in advance electronically when moved as cargo in one batch (ss.9-11). "CBNI" means notes or co…

  HK$120,000 of CBNIs

  法律原文金额未确认

  • Cap. 629, ss. 2, 4-6, 9-11; Sch. 4

• The central clearing system accepts only about-400-oz bars meeting international standards (in effect LBMA Good Delivery) into designated vaults, held unallocated and commingled.

  官方指引

  • Clearing Rulebook

• No new commodity exchange may be established or operated for gold, silver or the other listed commodities (Cap. 82 s.4 and Schedule items 6, 13; fine HK$500,000 plus HK$50,000 a day), except an exchange "which was in operation on 20 June 1973" (s.3(d)) or a recognized futures market under the Securi…

  法律原文

  • Commodity Exchanges (Prohibition) Ordinance (Cap. 82), ss. 3(d)-(e), 4; Schedule

    “(e) a recognized futures market”

• Anyone who by way of business trades in, imports, exports, manufactures, refines or carries out value-adding work on precious metals (gold "in a manufactured or unmanufactured state"), issues or trades precious-asset-backed instruments, or acts as intermediary (s.53ZU(1)) must be registered before c…

  HK$120,000 per transaction or linked transactions

  法律原文金额未确认

  • AMLO (Cap. 615) Part 5C, ss. 53ZTZ, 53ZU, 53ZUA, 53ZUE; Schs. 3H, 3I

• Only bars from HKGX authorised minters (13 members) are good delivery on the exchange, by type: 99 gold 5-tael, 999.9 gold kilo, 999.9 gold 5-tael and 999.9 silver 15 kg.

  行业惯例

  • HKGX rules

• A Legislative Council question of May 2026 refers to "the current 50-gram limit" on gold products for personal use carried by Mainland visitors, and asks about "simplifying the tax collection process for amounts exceeding the limit"; the limit is a Mainland rule. The Government replied only that Hon…

  50 g (per LegCo question; Mainland rule not read)

  二手资料金额未确认

• Gold entering the Mainland from Hong Kong under general trade needs a PBOC Gold and Gold Products Import/Export Permit presented to customs (Art. 3), issued only to qualified importers (Art. 8, e.g. financial-institution members or market makers of the State Council-approved gold exchange); "one bat…

  法律原文

  • PBOC/GACC gold import-export measures (Order [2015] No. 1, amended 2020), Arts. 3, 4, 6, 8, 17, 20

• No import or export licence, permit or duty applies to gold. Licences are needed only for articles listed in the regulations under Cap. 60 (s.6C: Cap. 60A Sch. 1; s.6D: Cap. 60A Sch. 2; s.6A: strategic commodities), and gold is not listed in Cap. 60A Schedules 1-2. The only customs formality is the …

  法律原文

  • Import and Export Ordinance (Cap. 60) and regulations, Cap. 60 ss. 6A, 6C, 6D; Cap. 60A Schs. 1-2; Cap. 60E regs 3-5

货物终点

• Customs duty on gold

  None All gold (HS 7108 etc.); only liquor, tobacco, motor vehicles and petroleum products are dutiable

  官方指引金额未确认

• Import GST suspension under ARCS

  Suspended Materials imported by Approved Refiners/Consolidators for refining into IPM; supplies between ARCS persons (except refining services)

  法律原文

  • GST (General) Regulations, reg 46A(8), (12)

• GST on exports of gold

  0% (zero-rated) Export of IPM and non-IPM gold with export documentation

  法律原文金额未确认

  • GST Act 1993, s.21(1)-(2)

• Import GST - IPM exemption

  Exempt Gold bars, ingots, wafers of 99.5%+ from current/former LBMA GD refiners (or ESG-endorsed), with hallmark; prescribed coins; not decorative/collector bars

  法律原文金额未确认

  • GST Act 1993, s.8(4), s.22(1A); Fourth Schedule Part 2 paras 1(a), 1A; Part 3 para 2

• GST on non-IPM gold

  9% Import and supply of doré, scrap, jewellery, non-qualifying bars (e.g. from non-LBMA refiners, decorative)

  法律原文金额未确认

  • GST Act 1993, s.16(cb)

• GST on non-IPM gold (2023 rate)

  8% Import and supply of doré, scrap, jewellery, non-qualifying bars

  法律原文金额未确认

  • GST Act 1993, s.16(ca)

• GST on refining services

  9% local; zero-rated to overseas customers Refining/toll-refining fees

  官方指引金额未确认

• GST on local supply of IPM

  Exempt Sale of qualifying IPM in Singapore

  法律原文金额未确认

  • GST Act 1993, s.22(1); Fourth Schedule Part 1 para 1A

• Regulated dealer registration fees

  S$120 application fee (not on renewal since 10 Apr 2021); S$250 (Class A) or S$350 (Class B) per year per place of business

  法律原文金额未确认

  • PMLTFPF Regulations 2019, regs 17-18

• Cash transaction report on Form NP 784 to a Suspicious Transaction Reporting Officer for every designated transaction, not later than 15 business days after the date the transaction is entered into; a copy goes to the Registrar at the time of submission or immediately after (e-filing through SONAR f…

  Cash or cash equivalent exceeding S$20,000 (payments in gold other than jewellery, or in digital payment tokens, are prescribed circumstances for CDD, not designated transactions, and need no CTR)

  法律原文

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.17(1)

    “A regulated dealer who enters into any designated transaction must submit to a Suspicious Transaction Reporting Officer, within the prescribed time, a cash transaction report relating to that transaction in the prescribed form and manner.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.17(1A)

    “A regulated dealer must not, without reasonable excuse, submit a cash transaction report under subsection (1) that is incomplete or inaccurate.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.17(2)

    “A regulated dealer must keep a copy of each cash transaction report submitted under subsection (1) for the prescribed period.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.17(3)

    “A regulated dealer must, at the time of submitting a cash transaction report under subsection (1) or immediately thereafter, submit a copy of the cash transaction report to the Registrar.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.17(4)

    “A regulated dealer who fails to comply with subsection (1), (1A), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.15 "designated transaction" (a)

    “a sale of any precious stone, precious metal, precious product or asset-backed token by a regulated dealer to a customer, for which cash or a cash equivalent exceeding the threshold amount is received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.15 "threshold amount"

    “"threshold amount" means $20,000 or its equivalent in value, or an amount prescribed in substitution.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PMLTFPF Regulations reg 4A(1)(a): gold payment is a prescribed circumstance for CDD (s.16(1)(d)), not a designated transaction

    “for which gold (except in the form of jewellery) the value of which exceeds the threshold amount is received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 4A(1)(c)

    “for which digital payment tokens the value of which exceeds the threshold amount are received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PMLTFPF Regulations reg 12(1)(a)

    “the prescribed form for a cash transaction report is Form NP 784 as set out at the website at https://www.police.gov.sg; and”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 12(1)(b)

    “the prescribed time for the submission of a cash transaction report is not later than 15 business days after the date on which the designated transaction is entered into.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 12(2)

    “For the purposes of section 17(2) of the Act, the period for which a copy of a cash transaction report must be kept is 5 years after the date of submission of the cash transaction report.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), STRO Cash Transaction Reporting page

    “When you e-file through SONAR, your CTR will automatically be forwarded to ACD on your behalf.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), ACD Compliance Toolkit, footnote 6 (conflicting definition)

    “The dealer sells or barters a precious stone, precious metal, precious product or asset-backed token and receives payment in cash or cash equivalent or gold (except in the form of jewellery) or digital payment tokens, where the value exceeds S$20,000 in total value.”

• Enhanced CDD (senior-management approval, income, source of wealth and funds, enhanced monitoring) where the customer, principal or beneficial owner is a PEP or family/associate, resides in or originates from a FATF call-for-action jurisdiction (DPRK, Iran countermeasures; Myanmar enhanced due dilig…

  法律原文

  • PMLTFPF Regulations 2019, reg 7(2)(a)(ii), (3), (4)

• IPM imports need an In-Non-Payment (GST relief) permit: air freight above S$400 CIF (non-controlled air imports up to S$400 need no permit, RIER reg 3(2A)), all sea and land freight, all commercial hand-carry, and personal hand-carry above 0.5 kg; parcel post needs no permit (reg 3(2)(b)).

  S$400 CIF (air); 0.5 kg (personal hand-carry)

  官方指引金额未确认

  • Regulation of Imports and Exports Regulations, reg 3(1), (2)(b), (2A)

• Code of Practice issued by the Registrar of Regulated Dealers under the PSPM Act codes-of-practice power (issued 2 April 2026): dealers apply the A.C.T. framework (Add immediate intervention, Check the customer's behaviour against anti-scam information, Tell the customer to call the ScamShield Helpl…

  S$20,000

  官方指引

  • PSPM Act, codes of practice power (section in refs), CoP para 1.1

    “This Code of Practice ("CoP") is issued by the Registrar of Regulated Dealers under section 35(1) of the Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 ("PSPM Act").”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.1

    “PSMDs should apply the A.C.T. framework at paragraph 5.2 when encountering customers making purchases under the following circumstances, regardless of payment mode:”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.1(a)

    “Single transaction of more than S$20,000; or”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.1(b)

    “Multiple transactions below S$20,000 that collectively exceed S$20,000, whether conducted on the same day or over a few days.”

  • PSPM Act, codes of practice power (section in refs), CoP Annex B-2 item 7 (A.C.T.)

    “A - Add immediate intervention by asking the customer for reasons behind the purchase.”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.2 (C)

    “Check for the customer's”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.2 (T): call the ScamShield Helpline

    “Tell the customer that”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.3(a)

    “Conduct enhanced customer due diligence in accordance with the Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2019;”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.3(e)

    “Escalate the matter to the supervisor or senior management and document the customer's behaviour and the basis for proceeding with the transaction;”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.3(f)

    “Call the police at 999 if the customer chooses to proceed with the purchase despite repeated warnings that red flags are present; and”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.3(g)

    “File a Suspicious Transaction Report ("STR").”

  • PSPM Act, codes of practice power (section in refs), CoP para 5.4

    “For online sales, in-person collection should be required for purchases above S$20,000.”

  • PSPM Act, codes of practice power (section in refs), ACD News: issuance of the CoP

    “2 April 2026 ## Issuance of Code of Practice on AML Measures for PSMDs to Combat Scam Related Money Laundering Cases”

  • PSPM Act, codes of practice power (section in refs), PSPM Act s.35(5)

    “Any code of practice, guideline or standard of performance has no legislative effect.”

  • PSPM Act, codes of practice power (section in refs), PSPM Act s.35(6)

    “Any failure by a regulated dealer to comply with any code of practice, guideline or standard of performance applicable to the regulated dealer does not of itself render the regulated dealer liable to criminal proceedings, but the failure may, in any proceedings (criminal or otherwise), be relied on by any party to those proceedings as tending to establish or negate any liability which is in question in those proceedings.”

  • PSPM Act, codes of practice power (section in refs), PSPM Act s.35(1)

    “The Registrar may issue, approve, amend or revoke one or more codes of practice, guidelines or standards of performance for all or any of the following purposes:”

• STR to a Suspicious Transaction Reporting Officer as soon as reasonably practicable on knowledge or reasonable grounds to suspect (CDSA), or the TSOFA disclosure where it applies, with a copy to the Registrar at the time of disclosure or immediately after (PSPM Act); records of every designated tran…

  法律原文

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), CDSA s.45(1) (parsed into section a1-s-42 of this record)

    “Where a person knows or has reasonable grounds to suspect that any property -”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), CDSA s.45(1)

    “the person must disclose the knowledge or suspicion or the information or other matter on which that knowledge or suspicion is based to a Suspicious Transaction Reporting Officer as soon as is reasonably practicable after it comes to the person's attention.”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.21(1)

    “A regulated dealer must, if circumstances exist that require the regulated dealer to do so, make a disclosure under whichever of the following is applicable:”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.21(2)

    “A regulated dealer must, at the time of disclosing a matter under subsection (1) or immediately thereafter, submit a copy of the information so disclosed to the Registrar.”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.18(1)(a)

    “a record of every designated transaction (whether or not completed) and every other transaction for which the customer due diligence measures mentioned in section 16 must be performed, containing the prescribed information on that transaction;”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.18(1)(b)

    “a record of all information relating to a customer which is obtained through the customer due diligence measures performed under section 16;”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.18(1)(c)

    “a copy of each supporting document relied on in support of any information referred to in paragraph (b);”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.19(1)

    “A regulated dealer must, in relation to the regulated dealer's business of regulated dealing or business as an intermediary for regulated dealing, implement adequate programmes and measures to prevent money laundering, terrorism financing and the financing of proliferation of weapons of mass destruction.”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), PMLTFPF Regulations reg 13(1)

    “For the purposes of section 18(1) or (1A) of the Act, the period for which the documents and information in that section must be kept is 5 years after whichever of the following dates is applicable:”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 13(3)(f)

    “a record of the following information for each period of 6 months beginning on 1 January or 1 July of any year:”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 13(5)

    “the prescribed manner of making any record kept under paragraph (3)(f) available to the Registrar is by submitting the record to the Registrar through the electronic system of the Ministry of Law at https://acd.mlaw.gov.sg.”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 14(1)(b)(i)

    “document the risk assessments;”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 14(1)(c)

    “develop and implement internal policies, procedures and controls, which must be approved by its senior management, to manage and effectively mitigate the risks of money laundering, terrorism financing and proliferation financing identified by it or notified to it by the Registrar, including -”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 14(1)(c)(i)

    “making appropriate compliance management arrangements, including the appointment of a compliance officer; and”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 14(1)(c)(ii)

    “applying adequate screening procedures when hiring employees;”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 14(1)(e)

    “have an ongoing programme to train employees on the internal policies, procedures and controls in sub-paragraph (c); and”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), reg 14(2)

    “A regulated dealer that carries out one or more designated transactions must, in addition to the matters mentioned in paragraph (1), have an independent audit function to test the internal policies, procedures and controls in paragraph (1)(c).”

  • CDSA; PSPM Act; PMLTFPF Regulations (sections in refs), Guidelines v5.1 para 12.2.1

    “is required to submit an STR to STRO as soon as reasonably practicable upon the establishment of suspicion (i.e. no longer than 5 business days).”

• Before dealing, dealers must assess whether the customer, principal or beneficial owner is a terrorist or terrorist entity (TSOFA), a designated person under UN Act regulations, or a Registrar-notified person; if suspected they must decline or terminate the transaction, report to the police and copy…

  法律原文

  • PMLTFPF Regulations 2019 reg 16; TSOFA s.8

• CDD before any designated transaction (sale for cash or cash equivalent above S$20,000, single or same-day aggregate; purchase by a secondhand-goods dealer from a non-dealer for cash above S$20,000; token redemptions for cash above S$20,000), on suspicion of ML/TF/PF, or on doubts about earlier CDD;…

  S$20,000

  法律原文

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.16(1)(a)

    “before entering into a designated transaction;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.16(1)(b)

    “where the regulated dealer has reason to suspect money laundering, terrorism financing or the financing of proliferation of weapons of mass destruction;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.16(1)(c)

    “where the regulated dealer has reason to doubt the veracity or adequacy of information obtained from earlier customer due diligence measures;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.16(1)(d)

    “under circumstances prescribed for the purposes of this section.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.16(5)(a)

    “decline to enter into any transaction with the customer;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.16(5)(b)

    “terminate any transaction entered into with the customer;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.16(5)(c)

    “determine whether to make a disclosure under section 45 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 or section 8 or 10 of the Terrorism (Suppression of Financing) Act 2002;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PSPM Act s.15 "designated transaction" (a)

    “a sale of any precious stone, precious metal, precious product or asset-backed token by a regulated dealer to a customer, for which cash or a cash equivalent exceeding the threshold amount is received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.15 (b)

    “2 or more sales of any precious stone, precious metal, precious product or asset-backed token in a single day by a regulated dealer to the same customer, or to customers whom the regulated dealer knows act on behalf of the same person, for which cash or a cash equivalent in total exceeding the threshold amount is received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.15 (c)

    “a purchase of any precious stone, precious metal or precious product from a customer (who is not a regulated dealer) by a regulated dealer (who is a secondhand goods dealer), for which cash or a cash equivalent exceeding the threshold amount is received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), s.15 "threshold amount"

    “"threshold amount" means $20,000 or its equivalent in value, or an amount prescribed in substitution.”

  • PSPM Act; PMLTFPF Regulations (sections in refs), PMLTFPF Regulations reg 4(1)(a)

    “a redemption of an asset-backed token from a customer (who is not a regulated dealer) by a regulated dealer, for cash or a cash equivalent exceeding the threshold amount;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 4(1)(c)

    “2 or more redemptions of any asset-backed token in a single day by a regulated dealer from the same customer”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 4A(1)

    “For the purpose of section 16(1)(d) of the Act, each of the following circumstances are circumstances in which a regulated dealer must perform the prescribed customer due diligence measures in regulations 5 and 6”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 4A(1)(a)

    “for which gold (except in the form of jewellery) the value of which exceeds the threshold amount is received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 4A(1)(c)

    “for which digital payment tokens the value of which exceeds the threshold amount are received as payment;”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 5(1)

    “the customer due diligence measures to be performed by a regulated dealer before entering into any designated transaction with a customer who is an individual are all of the following:”

  • PSPM Act; PMLTFPF Regulations (sections in refs), reg 6(1)

    “the customer due diligence measures to be performed by a regulated dealer before entering into any designated transaction with a customer who is an entity or a legal arrangement are all of the following:”

• Anyone moving physical currency or bearer negotiable instruments above the prescribed amount (S$20,000, CMR Regulations reg 2A) into or out of Singapore must report it: travellers on Form NP 727 within 72 hours before immigration clearance; senders and commercial carriers of cash by post or courier …

  S$20,000

  法律原文金额未确认

  • CDSA 1992 Part 6A; CDSA (Cross Border Movements of Physical Currency and Bearer Negotiable Instruments) Regulations 2007, CDSA ss.59-62; regs 2A, 3, 4, 4A, 5

• Anyone carrying on a business of manufacturing, importing or possessing for sale, selling or offering for sale, or buying for resale any precious metal (gold, silver, platinum group metals, and alloys with at least 2% in weight of them, in manufactured or unmanufactured state), precious stone or pre…

  No value floor for bullion; unregistered dealing: fine up to S$75,000 or imprisonment up to 3 years or both, plus up to S$7,500 for every day of a continuing offence

  法律原文

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), PSPM Act s.6(1)

    “A person must not act as or hold out to be a regulated dealer unless the person is a registered dealer.”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), PSPM Act s.6(2)

    “A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $75,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $7,500 for every day or part of a day during which the offence continues after conviction.”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), s.2 "regulated dealing" (a)

    “manufacturing any precious stone, precious metal or precious product;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), (b)

    “importing or possessing for sale any precious stone, precious metal or precious product;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), (c)

    “selling or offering for sale any precious stone, precious metal or precious product;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), (d)

    “selling or redeeming asset-backed tokens;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), (e)

    “purchasing any precious stone, precious metal or precious product for the purposes of resale;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), s.2 "regulated dealer" (b)

    “business as an intermediary for regulated dealing, but excludes a pawnbroker and any other person as may be prescribed;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), s.2 "precious metal"

    “"precious metal" means any precious metal specified in Part 1 of the Schedule in a manufactured or unmanufactured state;”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), the Schedule Part 1 item 9 (items 1-8: gold, silver, platinum, iridium, osmium, palladium, rhodium, ruthenium)

    “An alloy with at least 2% in weight of any substance mentioned in items 1 to 8”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), ACD Regulatory Regime page

    “"Precious metals" include gold, silver, platinum, iridium, osmium, palladium, rhodium, ruthenium, and alloys with at least 2% in weight of any of the metals stated above.”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), Exempt Persons Order para 3

    “Every financial institution that carries on a business of regulated dealing, or business as an intermediary for regulated dealing, in Singapore is exempt from -”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), Order para 4(1)

    “A foreign dealer carrying on a business of regulated dealing, or business as an intermediary for regulated dealing, in Singapore on a transitory basis, is exempt from -”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), Order para 4(2)

    “A foreign dealer carries on business in Singapore on a transitory basis if the foreign dealer carries on business in Singapore for not more than a total of 90 days in a year.”

  • PSPM Act (definitions, registration duty, the Schedule); Exempt Persons Order (sections in refs), PSPM Act Legislative History item 1

    “Commencement : 10 April 2019”

• Gold may not be imported, transhipped or brought in transit from the DPRK (Seventh Schedule, prohibited imports item (9)), nor exported, transhipped or brought in transit to the DPRK (luxury items, prohibited exports item (5)(k) "gold, silver and platinum"); any goods for trade with a person in the …

  法律原文

  • Regulation of Imports and Exports Regulations, regs 5A, 6(1)(b), 6(2)(c); Seventh Schedule item 2 (DPRK)

• GST-exempt status depends on the bar: gold of at least 99.5% purity in bar, ingot or wafer form, refined by a refiner who is or was on the LBMA Good Delivery list (or an Enterprise Singapore-endorsed intending refiner — none endorsed on 28 Sep 2026), bearing a mark internationally accepted as guar…

  法律原文

  • GST Act 1993, Fourth Schedule, Part 2 paras 1(a), 1A; Part 3 para 2

• No Singapore statute requires importers, dealers or refiners to verify mine origin or apply OECD/CAHRA due diligence: the PSPM Act and Regulations impose customer (not supplier-origin) due diligence, the GST investment-precious-metal exemption turns on form, purity, a refiner on the LBMA Good Delive…

  法律原文

  • PSPM Act s.2 "customer"

    “"customer" means a person with whom a regulated dealer enters into or intends to enter into a transaction;”

  • PSPM Act s.16(1): CDD is on the customer

    “a regulated dealer must perform the prescribed customer due diligence measures in any of the following circumstances:”

  • PMLTFPF Regulations reg 5(1)

    “the customer due diligence measures to be performed by a regulated dealer before entering into any designated transaction with a customer who is an individual are all of the following:”

  • reg 6(1)

    “the customer due diligence measures to be performed by a regulated dealer before entering into any designated transaction with a customer who is an entity or a legal arrangement are all of the following:”

  • GST Act Fourth Schedule Part 2 para 1(a)(i) (parsed into section sch-3 of this record)

    “is in the form of a bar, an ingot or a wafer;”

  • para 1(a)(ii)

    “is of a purity of at least 99.5%; and”

  • Fourth Schedule Part 2 para 2(a)(i)

    “in the case of gold or silver, a refiner who is or was in the "Good Delivery" list of the London Bullion Market Association;”

  • para 2(b)

    “it bears a mark or characteristic that is internationally accepted as guaranteeing its quality.”

  • Singapore Customs IPM page, permit field "Supplier name"

    “Name of refiner who produced the bar/wafer/ingot”

  • Guidelines v5.1 Annex D, red flag indicators

    “Supplier/ introducer is evasive when being asked about the source of its gold supply.”

• Singapore's Russia measures ban the export, transhipment and transit to Russia of military goods and of dual-use goods in Categories 3 (electronics), 4 (computers) and 5 (telecommunications and information security) of the Strategic Goods (Control) Order 2021 as in force on 16 Mar 2022 (RIER reg 6(2…

  法律原文

  • Regulation of Imports and Exports Regulations, reg 6(2B); Eighth Schedule

• Goods to or from UNSC-sanctioned countries need a TradeNet permit applied for at least 3 working days before shipment. Iran lists cover nuclear, arms and S/2015/546 items, not gold.

  官方指引

  • Regulation of Imports and Exports Regulations, regs 5A, 6(1)(b), 6(2)(c)

• Zero-GST warehouse licensees may store "listed goods" (incl. HS 7108 gold, silver, platinum and precious stones) only with Singapore Customs' written approval, at least a Type II licence, and records of the persons controlling and beneficially owning the goods, screened and kept up to date (since 1 …

  官方指引

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