Does the obligation to submit a Cash Transaction Report (CTR - Form NP784) apply to the customer?
Customers of regulated dealers are not required to submit CTRs.
The obligation to submit a Cash Transaction Report ("CTR") is on the regulated dealer, and only if he conducts any cash transaction with a value, or any 2 or more related cash transactions in a single day with a total value, which exceeds SGD 20,000 (or its equivalent in foreign currency).