Murali Pillai on new rules for dealers in precious stones and metals

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Murali Pillai on new rules for dealers in precious stones and metals

(Updated: )

MP Murali Pillai spoke about proposed new rules for dealers in precious stones and metals in Parliament on Monday (Feb 11). He asked how authorities will deal with buyers who escape due diligence checks by spreading their purchases such that each transaction falls below the S$20,000 threshold. Mr Murali wanted to know if the onus will be on dealers to find out if such multiple purchases are made.

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