The Registrar of Regulated Dealers Suspends the Registrations of Puregold.Sg Pte. Ltd., Puregold.Sg International Mint Pte. Ltd., Puregold Singapore Pte. Ltd., Puregold.Sg Mint Pte. Ltd. and Goldpay.Sg Pte. Ltd.

           The Registrar of Regulated Dealers (“the Registrar”) in the Ministry of Law (“MinLaw”) has suspended the registrations of Puregold.sg Pte. Ltd., Puregold.sg International Mint Pte. Ltd., Puregold Singapore Pte. Ltd., Puregold.sg Mint Pte. Ltd. and Goldpay.sg Pte. Ltd. (collectively, the "Companies"), for up to six months, with effect from 14 September 2026. The Companies are no longer permitted to carry on the business of regulated dealing or act as intermediaries for regulated dealing in Singapore under the Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 ("PSPM Act") during the period of suspension.

2.          The Companies are registered precious stones and precious metals dealers under the PSPM Act. MinLaw's investigations into the Companies' regulated dealing activities and related business operations uncovered serious compliance deficiencies relating to the Companies' AML/CFT/CPF systems and controls. These deficiencies affected key AML/CFT/CPF controls, including customer due diligence, enhanced customer due diligence and risk management measures. MinLaw also identified concerns relating to the Companies' management of risks arising from certain business arrangements and activities.

3.           Having regard to the nature and seriousness of the compliance deficiencies identified, the resulting ML/TF/PF risks, and the need to protect the integrity of Singapore's regulatory regime for precious stones and precious metals dealers, the Registrar has determined that it is not in the public interest for the Companies to continue carrying on regulated dealing activities at this time.

4.          During the suspension period, the Companies remain responsible for complying with all applicable legal and regulatory requirements. The suspension does not affect any legal rights or obligations that customers or other persons may have against the Companies, or vice versa.

5.         The suspension does not prevent the Companies from fulfilling their existing obligations to customers. Customers with questions about their orders or arrangements are encouraged to contact the Companies and may also wish to seek independent professional advice, where appropriate.

6.          MinLaw takes a serious view of non-compliance with AML/CFT/CPF requirements.

MINISTRY OF LAW
14 SEP 2026