Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Regulations 2019
Table of Contents
Enacting Formula
Part 1 PRELIMINARY
1 Citation and commencement
2 Definitions
3 Cash equivalent
4 Designated transaction
4A Transactions in prescribed circumstances
Part 2 CUSTOMER DUE DILIGENCE AND OTHER MEASURES
5 Customer due diligence measures where customer is individual
6 Customer due diligence measures where customer is entity or legal arrangement
7 Enhanced customer due diligence measures
8 Simplified customer due diligence measures
9 Customer due diligence measures for existing customers
10 Performance of customer due diligence measures by third parties
11 Ongoing monitoring
12 Form, manner and time of submission of cash transaction report
13 Keeping of records
14 Risk assessment, internal controls and procedures
14A Group policy for branches and subsidiaries
15 New technologies
16 Additional measures relating to targeted financial sanctions
Part 3 REGISTRATION OF REGULATED DEALERS
17 Application fee
18 Registration fees
19 Period of registration
20 Duty to notify change in place of business
21 Duty to notify Registrar of change in particulars and circumstances
22 Appeal to Minister
23 Waiver and refund of fees