List of Registered Dealers
Click here to view the complete list of registered dealers1 in Singapore.
Report possible unregistered dealers to the Anti-Money Laundering/Countering the Financing of Terrorism Division (“ACD”) here.
Suspension / Cancellation of Registered Dealers
Under section 10(1) of the Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 (“PSPM Act”), regulatory action may be taken by the Registrar of Regulated Dealers (the “Registrar”) against registered dealers in circumstances where the PSPM Act and/or its regulations is contravened; or where it is contrary to the public interest for the dealer to continue carrying on the business of regulated dealing or business as an intermediary in Singapore. This List is of the dealers whose registrations were suspended and/or cancelled by the Registrar in the aforesaid circumstances.
List of dealers whose registrations were suspended/cancelled by the Registrar
Name / UEN / Registration Number | Regulatory Action | Period of Suspension/ Cancellation date |
HOROGON LUXE | Cancellation of registration pursuant to section 10(1)(e) of the PSPM Act as the registered dealer is no longer a fit and proper person within the meaning of the PSPM Act | 9 October 2024 |
ARIHANT JEWELLERS PTE. LTD. | Cancellation of registration pursuant to section 10(1)(d) of the PSPM Act as the registered dealer is neither carrying on the business of regulated dealing nor business as an intermediary in Singapore | 3 October 2024 |
TRADENATION PTE. LTD. | Cancellation of registration pursuant to section 10(1)(e) of the PSPM Act as the registered dealer is no longer a fit and proper person and 10(1)(f) as it is not in the public interest for the registered dealer to continue to carry on the business of regulated dealing or business as an intermediary in Singapore | 6 January 2023 |
GREEN SURPLUS PTE. LTD. | Cancellation of registration pursuant to section 10(1)(d) of the PSPM Act as the registered dealer is neither carrying on the business of regulated dealing nor business as an intermediary in Singapore | 8 October 2022 |
TRIWAYS UNIGLOBAL PTE. LTD. | Cancellation of registration pursuant to section 10(1)(d) of the PSPM Act as the registered dealer is neither carrying on the business of regulated dealing nor business as an intermediary in Singapore | 11 August 2022 |
What is Covered Under the Regulations?
Registered dealers are regulated by the Registrar for anti-money laundering, countering the financing of terrorism and countering proliferation financing (“AML/CFT/CPF”) purposes in their business of regulated dealing2 or business as an intermediary for regulated dealing under the PSPM Act.
Registered dealers are to ensure that their websites, representations and publicity materials do not cause the public to misconstrue that the Registrar is regulating them beyond AML/CFT/CPF matters. Please visit here for information on the use of public statements relating to the registration as a regulated dealer and the Ministry of Law logo.
| 1 "Registered dealer" means a regulated dealer who is registered under section 7 of the PSPM Act. The list of registered dealers will not contain the following persons who are exempted from registration under the PSPM Act: • A pawnbroker as defined under Section 3 of the Pawnbrokers Act 2015. • Any person licensed, approved, registered or regulated by the Monetary Authority of Singapore under any written law. • A "foreign dealer"3 which only carries on business in Singapore for not more than a total of 90 days in a year. "Foreign dealers" are subject to all other transaction-based requirements under the PSPM Act, which include conducting customer due diligence, keeping records, and filing of Cash Transaction Reports (CTR) and Suspicious Transaction Reports (STR). 2 "Regulated dealing" means doing any of the following: (a) manufacturing any precious stone, precious metal or precious product; (b) importing or possessing for sale any precious stone, precious metal or precious product; (c) selling or offering for sale any precious stone, precious metal or precious product; (d) selling or redeeming asset-backed tokens; (e) purchasing any precious stone, precious metal or precious product for the purposes of resale. 3 A "foreign dealer" is a regulated dealer that: • is registered or incorporated outside Singapore, or is habitually resident outside Singapore; • does not have a permanent establishment, a place of management, or a branch in Singapore at which they carry on the business of regulated dealing or business as an intermediary for regulated dealing; and • only carries on business in Singapore for not more than a total of 90 days in a year. |