Singapore legislation

Regulation 2A

of Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2019

Regulation 2A

Prescribed value for definition of “precious product”

For the purposes of paragraph (b)(ii) of the definition of “precious product” in section 2 of the Act, the prescribed value of any jewellery, watch, apparel, accessory, ornament or other finished product is its net price of $20,000.

Read in full context — Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2019 →