Regulated Dealers of Precious Stones and Metals Must Register

The Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act took effect on 10 April 2019. Its primary objective is to prevent money laundering and terrorism financing (ML/TF) in regulated dealings. Under the Act, persons engaged in regulated dealings must register with the Registrar of Regulated Dealers and comply with other anti-ML/TF requirements.

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New Act Enhances Intellectual Property Dispute Resolution in Singapore

The Intellectual Property (Dispute Resolution) Bill aims to reform Singapore's intellectual property dispute resolution system by consolidating most civil IP disputes in the High Court, clarifying that IP disputes can be arbitrated in Singapore, and implementing processes to improve the quality of patents issued in Singapore.

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