SGPMX is a licensed dealer of Ministry of Law, Singapore, which is in compliance with the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act, and is governed under Enterprise Singapore by the Commodities Trading Act (CTA).
SGPMX facilitates the trades that have been instructed by the investors and has no direct access to the stored bullion (allocated and segregated) at Le Freeport Singapore, where SGPMX is the only bullion company licensed by the Singapore Customs to operate at the (tax-free) high security bonded storage facility. The stored bullion are the legal possession of the investor and does not sit on SGPMX’s balance sheet.