Corruption, Drug Trafficking and Other Serious Crime (Cash Transaction Report) Regulations, 2014

In accordance with Corruption, Drug Trafficking and Other Serious Crime (Confiscation and Benefits) Act, Singapore’s Ministry of Home Affairs issued the Corruption, Drug Trafficking and Other Serious Crime (Cash Transaction Report) Regulations, 2014, laying down the implementation guidelines around the filing of Cash Transaction Report. The regulations mandate that the dealers in precious stones or precious metals file Cash Transaction Report for every cash transaction exceeding SGD 20,000.