The Anti-Money Laundering/Countering the Financing of Terrorism Division (“ACD”) of Ministry of Law is organising online trainings in May 2021 for registered Precious Stones and Precious Metals Dealers (“PSMD”), to provide guidance on the submission of semi-annual returns. The training is only available in English.
As a regulated dealer, you are required to submit mandatory semi-annual returns related to your business and transactions in six-months periods with effect from 1 January 2021. The first reporting period is from 1 January 2021 to 30 June 2021, and the submission will be due within 30 days, i.e. by 30 July 2021. More information on this reporting requirement can be found here.
The training aims to provide guidance on:
- understanding the information required for submission; and
- how to submit the semi-annual returns.
Please click here to sign up from the available dates now!
Please refer to the “FAQs” under the Precious Stones and Precious Metals Dealers section for Frequently Asked Questions relating to the regulatory regime. For further queries, please click here.