Cash Transaction Report under Singapore AML Laws

AML regulations in Singapore mandate the Dealers in Precious Stones and Precious Metals (PSPM) and the Pawnbrokers to report the designated transactions in Cash Transaction Report (CTR) to the Suspicious Transaction Reporting Office.

Here is an infographic highlighting the designated transactions requiring filing a CTR Cash Transaction Report Singapore on SONAR, including the corresponding timelines and the fines for violation of the CTR filing.

AML Singapore is an AML Consultancy Service Provider, offering comprehensive AML support to regulated dealers, including designing the framework for identifying the designated transaction and assisting in reporting the same to the STRO.