A plain-English summary of the obligations BriteKYC helps you meet — written for shop owners, not lawyers.
MinLaw — PSM Act
Regulated dealers must perform CDD, file Cash Transaction Reports for transactions of SGD 20,000 or more, and retain records for at least 5 years. BriteKYC automates each of these obligations from intake to archive.
MAS — AML / CFT
Aligned with MAS Notice and FATF recommendations: ongoing monitoring, sanctions screening against UN consolidated and OFAC lists, and PEP risk classification.
Pawnbrokers Act
Customer identification, pledge records, and integration shortcuts for Singapore Police Force lost-property checks before accepting pledged items.
PDPA
Customer data is encrypted at rest and in transit, with role-based access controls and Singapore data residency.
This page is informational and does not constitute legal advice. Always consult a qualified Singapore compliance professional for your specific obligations.
Speak with our compliance team