We ensure our exchange participants only deal with genuine accounts via our thorough KYC process. In line with Singapore’s efforts in the prevention of money laundering and terrorism financing under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (“PSPM Act“), all customers are to adhere to SGPMX’s account registration requirements, terms and conditions and to the following notices from the Ministry of Law, Singapore.
Verification of personal details with personal identification documents (i.e. drivers license, passport, national ID).
Matching identities between Trading Account and valid bank account.
Matching identities for allocation and issuance of Safekeeping Statement.