Interview: CNA Singapore Tonight – Anti-money laundering efforts in the precious stones and metals sector (July 2026)
Singapore has been tightening oversight of this sector under the Precious Stones and Precious Metals (Prevention of Money Laundering and terrorism Financing) Act (PSPMA).
Speaking to CNA, Athreya H.D. noted that the precious stones and metals sector as high-risk for money laundering due to ease of portability, value retention and pricing manipulation. While noting Singapore’s robust regulatory framework keeps exposure minimal, he emphasised the need for ongoing education and international collaboration to fight these global crimes.
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