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I suspect that a cash transaction that exceeds S$20,000 is related to criminal conduct. What reports do I need to submit?

Updated by MLAW

If the cash transaction exceeds S$20,000, you must submit a Cash Transaction Report not later than 15 business days after the date on which the transaction is entered into.

If you have a reason to suspect that the cash of any amount is related to criminal conduct, you are required to submit a Suspicious Transaction Report.

* A "business day" is defined as a day other than a Saturday, Sunday or public holiday.

Topics:

Precious Stones and Precious Metals DealersRegulatory Regime - CTR Filing / CDD matters

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I am a wholesaler. Do I need to perform customer due diligence ("CDD") if I received payment in gold bar or scrap gold bar? Do I need to submit a Cash Transaction Report ("CTR") if the transaction involved payment in gold bar/scrap gold/gold jewellery?

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Whom may I contact to seek clarifications on the Cash Transaction Report (CTR - Form NP 784)?

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