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Asia Pacific, Technology Expected to Drive Transformation of the Gold Market

Crucible, Crucible 7, Media Centre, Publication
Navigate Article List Artificial Intelligence Application in Algorithmic Trading: Two-day WorkshopOrganised by SBMA, 16 & 18 October 2018Malaysia’s Precious Jewellery MarketBy Ermin Siow, President, Federation of Goldsmiths and Jewellers Association of Malaysia, 2014-2018Why Do Turkish Banks Hold Gold at the Turkish Central Bank?By Aslı Şahin, FX & Precious Metals SpecialistThe Impact of Artificial Intelligence on…

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Gold and Blockchain: A Win-Win Combination

Crucible, Crucible 7, Media Centre, Publication
Navigate Article List Artificial Intelligence Application in Algorithmic Trading: Two-day WorkshopOrganised by SBMA, 16 & 18 October 2018Malaysia’s Precious Jewellery MarketBy Ermin Siow, President, Federation of Goldsmiths and Jewellers Association of Malaysia, 2014-2018Why Do Turkish Banks Hold Gold at the Turkish Central Bank?By Aslı Şahin, FX & Precious Metals SpecialistThe Impact of Artificial Intelligence on…

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The Impact of Artificial Intelligence on Trading and Finance

Crucible, Crucible 7, Media Centre, Publication
Navigate Article List Artificial Intelligence Application in Algorithmic Trading: Two-day WorkshopOrganised by SBMA, 16 & 18 October 2018Malaysia’s Precious Jewellery MarketBy Ermin Siow, President, Federation of Goldsmiths and Jewellers Association of Malaysia, 2014-2018Why Do Turkish Banks Hold Gold at the Turkish Central Bank?By Aslı Şahin, FX & Precious Metals SpecialistThe Impact of Artificial Intelligence on…

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Why Do Turkish Banks Hold Gold at the Turkish Central Bank?

Crucible, Crucible 7, Media Centre, Publication
Navigate Article List Artificial Intelligence Application in Algorithmic Trading: Two-day WorkshopOrganised by SBMA, 16 & 18 October 2018Malaysia’s Precious Jewellery MarketBy Ermin Siow, President, Federation of Goldsmiths and Jewellers Association of Malaysia, 2014-2018Why Do Turkish Banks Hold Gold at the Turkish Central Bank?By Aslı Şahin, FX & Precious Metals SpecialistThe Impact of Artificial Intelligence on…

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Malaysia’s Precious Jewellery Market

Crucible, Crucible 7, Media Centre, Publication
Navigate Article List Artificial Intelligence Application in Algorithmic Trading: Two-day WorkshopOrganised by SBMA, 16 & 18 October 2018Malaysia’s Precious Jewellery MarketBy Ermin Siow, President, Federation of Goldsmiths and Jewellers Association of Malaysia, 2014-2018Why Do Turkish Banks Hold Gold at the Turkish Central Bank?By Aslı Şahin, FX & Precious Metals SpecialistThe Impact of Artificial Intelligence on…

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Crucible Issue #7

Crucible, Crucible 7, Media Centre, Publication
Navigate Article List Artificial Intelligence Application in Algorithmic Trading: Two-day WorkshopOrganised by SBMA, 16 & 18 October 2018Malaysia’s Precious Jewellery MarketBy Ermin Siow, President, Federation of Goldsmiths and Jewellers Association of Malaysia, 2014-2018Why Do Turkish Banks Hold Gold at the Turkish Central Bank?By Aslı Şahin, FX & Precious Metals SpecialistThe Impact of Artificial Intelligence on…

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律政部：反洗黑钱及打击反恐融资 宝石和贵金属交易将受更严格监管

News
Navigate News List 律政部：反洗黑钱及打击反恐融资 宝石和贵金属交易将受更严格监管 新加坡， 2018年7月18日 DOWNLOAD PDF 律政部在文告中说：“宝石和贵金属便于携带，有价值且容易转换成现金，这使得这行业存在着洗黑钱和恐怖主义融资的风险……新的监管制度将填补这个缺口。它将管理宝石和贵金属业的风险，这对于对抗不只是国内而是国际罪案，以及改进安保来说，是非常重要的。”为防止不法分子利用宝石和贵金属交易进行洗黑钱和恐怖主义融资活动，律政部将推出新的监管制度，本地约2500个宝石和贵金属经销商料将面对更严格的监管，必须采取措施降低客户和交易导致的罪案风险。根据新制度，经销商必须侦查、评估和明了客户和交易所引起的洗黑钱和恐怖主义融资的风险，向负责监管的律政部注册、以及实行内部政策、程序和管制条例，降低这些风险等。律政部昨天宣布将针对宝石和贵金属经销商推出新的反洗黑钱和反恐融资（Anti-Money Laundering and Countering the Financing of Terrorism）监管制度，并在来临月份展开公共咨询。目前宝石和贵金属既不属于金融业，也不属于非金融业（如典当业），所以不受反洗黑钱和反恐融资相关条例的管制，也不必履行相关义务。不过，当局从2014年10月中起，把原本只为赌场业者所设的“现金交易呈报”制，也扩大到宝石和贵金属经销商，规定他们凡进行2万元以上的现金交易，都须在15个营业日内向商业事务局呈交报告，以防止贪污、贩毒和其他严重罪行。律政部文告说：“宝石和贵金属便于携带，有价值且容易转换成现金，这使得这行业存在着洗黑钱和恐怖主义融资的风险……新的监管制度将填补这个缺口。它将管理宝石和贵金属业的风险，这对于对抗不只是国内而是国际罪案，以及改进安保来说，是非常重要的。”律政部将与利益攸关者，包括行业协会、制造商、批发商和零售商咨询，评估这行业的相关风险，再采取一个能够解除风险的集中方法，并确保监管费合理。“新条例将与设定国际标准的国际反洗黑钱机构金融行动特别工作组（Financial Action Task Force，简称FATF）的建议一致。”贵金属市场协会：新监管制度来得及时　新加坡贵金属市场协会有43个机构会员，包括珠宝公司、银行等，该协会副首席执行官张亮说，任何商品交易，包括房地产都有可能成为洗黑钱的途径和手段，身为商家就有义务把关，采取防范措施。他指出，贵金属如黄金买卖是不记名交易，可以让不法分子有机可乘，当局要推出新的监管制度来得及时。政府向来与金融业者密切合作，让它们更深入了解洗黑钱和恐怖主义融资的课题；即使像典当业等非金融业者，也必须遵守相关的管制措施。今年4月至6月，一个市场研究公司受律政部委任，就上述课题向宝石和贵金属经销商展开调查。 READ MORE

2nd Asia Pacific Precious Metals Conference Highlights

News

Navigate News List Singapore Showcases Growing Role in Regional Bullion Market at 2nd Asia Pacific Precious Metals Conference By SBMA, 19 June 2018 Singapore Bullion Market Association (SBMA), with the support of Enterprise Singapore, welcomed 358 delegates from 173 companies in 29 countries to the second Asia Pacific Precious Metals Conference in early June. The…

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SECRETARIAT SBMA-Emily-Oh

Emily Oh

OPERATIONS & ADMIN EXECUTIVE
Emily Oh is the Operations & Admin Executive, a seasoned professional who values teamwork and effective communication. She is skilled at adapting to new challenges and takes a proactive and resourceful approach to every task. Before joining SBMA, Emily had experience coordinating international travel arrangements and spearheading community initiatives. Her role at SBMA will be providing operational and administrative support for projects and other matters to the team.

SECRETARIAT SBMA Clara-Chang

Clara Chang

MARKETING & COMMUNICATIONS EXECUTIVE
Clara Chang joins SBMA as the Marketing & Communications Executive, enriching the team with her extensive experience in content creation, social media management, and digital marketing. Prior to joining SBMA, Clara held the position of Marketing Executive at her previous job. She holds two bachelor’s degrees from the University at Buffalo, one in International Trade and another in Geographical Information Science. Her core duties will include maintaining the SBMA website, managing the quarterly Crucible newsletter, among other responsibilities.

SBMA Committee-Photo-john-levin

Mr John Levin

Global Metals
TD Securities
John Levin is the Head of Metal Sales & Trading – APAC at the Toronto Dominion Bank’s Singapore office. Prior to this role, he devoted seven years to leading precious metal sales for the ANZ banking group in his home country, Australia. Notably, from 2009 to 2011, John played a significant role on the management committee of the London Bullion Market Association while serving as the Head of Precious Metals Sales for HSBC Global Banking and Markets in the UK.

SBMA Secretariat-Fabian-Lew

Fabian Lew

MARKETING & COMMUNICATIONS OFFICER

Fabian was a Business Development and Marketing Associate before joining SBMA. He graduated from Singapore Management University with a Bachelor’s degree in Economics.

He has joined SBMA since February, 2022.

SBMA-margare-secretariat

Margaret Wong

BUSINESS DIRECTOR

Margaret Wong, Business Director at SBMA (Singapore Bullion Market Association), brought valuable experience from her previous role at the World Gold Council (WGC). Her tenure at WGC provided her with extensive exposure to the gold community in Singapore and the broader region. This background has been instrumental in establishing strong working relationships within the industry.

Margaret’s role at SBMA encompasses a diverse range of responsibilities. She oversees office management, business support processes, finance, and administrative functions essential for the smooth operation of the team and management committee. Additionally, Margaret handles membership matters, member communications, and addresses public inquiries related to SBMA.

One of Margaret’s key responsibilities is coordinating with the Event Management Company for SBMA’s prestigious annual event, the Asia Pacific Precious Metals Conference. This flagship conference plays a crucial role in the industry, making her involvement pivotal in its success.

Described as resourceful and self-motivated, Margaret Wong brings a wealth of skills and experience to her role at SBMA, ensuring efficient operations and effective engagement within the precious metals community in Singapore and beyond.

SBMA-Albert-secretariat

Albert Cheng

Chief Executive Officer

Albert Cheng joined the World Gold Council in March 1993 as a Regional Manager, becoming Managing Director, Far East in 2003. He retired at the end of March 2015 and was subsequently named its Advisor. He has also been an International Advisor to the Shanghai Gold Exchange since 2002.

His marketing career began with Dentsu Young & Rubicam, Hong Kong in the early 80’s. He began gold marketing in July 1985 when he joined the Royal Canadian Mint as a Regional Manager for Southeast Asia.

He was appointed honorary CEO of SBMA in November 2015. He is responsible for the success and strategic development of SBMA, represents the interests of the Association, and is responsible for all the legal and regulatory aspects of the work of the Association. He is the primary contact for regulators and government bodies on bullion market development.

Ms Pawan Nawawattanasub

Ms Pawan Nawawattanasub

CEO
YLG Bullion Singapore Pte Ltd

Pawan is the CEO of YLG Bullion Singapore and founder of YLG Bullion International. She has almost 40 years of experience in the jewellery industry and established YLG in Thailand in 2003. In 2012, she brought YLG to Singapore. She sits on the Board of Directors of the Thailand Gold Traders Association, the Thailand Futures Exchange’s Arbitration Committee, and the Rotary Bangkok committee. She holds a master’s degree in Political Science.

SBMA-Shaokai-Fan

Mr Shaokai Fan

Head of Asia-Pacific (ex China) and Global Head of Central Banks
World Gold Council
Shaokai Fan is the Global Head of Central Banks at the World Gold Council, responsible for advising governments on gold matters, and enhancing the gold market through engagement, dialogue, and thought leadership. He works directly with central banks and sovereign wealth funds on investment considerations. Prior to this position, Shaokai held multiple roles at Standard Chartered Bank, including Director for Asia Strategic Initiatives and Associate-Director for Public Sector coverage. Shaokai holds a Masters of Public Administration from Columbia University and the London School of Economics, and an undergraduate degree in finance and economics from New York University.

SBMA-Committee-Alan-Liew

Mr Alan Liew

Head of Bullion & Commodities Trading
United Overseas Bank Limited
Alan is Head of Bullion and Commodities Trading for Group Trading in Global Markets, United Overseas Bank (UOB). Alan joined UOB and started the bank’s commodities trading business in 2014, previously he spent eight years in Standard Chartered Bank (SCB) trading both precious and base metals. During his tenure at SCB, he obtained the SGE gold trader licence and was part of the pioneering team for the SGE business and the FX quantitative trading team. Prior to trading, he worked for Monetary Authority of Singapore in the Financial Risk Management Division. He holds a BSc (Hon) in Computer Science at National University of Singapore and a MSc in Financial Engineering at Nanyang Technological University.

SBMA-Committee-Nikos

Mr Nikos Kavalis

Managing Director
Metals Focus Singapore Pte Ltd
Nikos Kavalis is a founding partner of Metals Focus. He has over 20 years of experience in precious metals, having previously worked for the Royal Bank of Scotland and GFMS. Since September 2019, Nikos has been based in Singapore, where he also runs the local subsidiary of Metals Focus.

SBMA-Committee-khun nuttapong

Mr Nuttapong Hirunyasiri

CEO
MTS Gold Global Trading Pte Ltd
Nuttapong Hirunyasiri is the CEO of MTS Gold Group, one of Thailand’s top 10 companies and top 3 bullion companies. He started MTS Gold Group’s first overseas office in Singapore and has been expanding the group business internationally. He focuses on product development and innovation for gold investment, with the aim of being a leader in providing the full suite of gold investment services in the ASEAN region.

SBMA Committee-Photo-Raman-Walia

Mr Raman Walia

Executive Director, Head of Commodities Sales – APAC
JP Morgan Chase Bank N.A.

Raman is Executive Director and Head of Commodities Sales, APAC, for J.P. Morgan. He joined JPMorgan in 2008 in New York, moved to Singapore in 2011, and helped expand the precious metals business in the region. Raman has an MBA from Cornell University, and likes to travel in his spare time.

SBMA Committee-Photo-Andrew-Clarke

Mr Andrew Clarke

Head of Brink’s Global Services
Brink’s Global Services Pte Ltd

Andrew Clarke is the Head of BGS (Brink’s Global Services) for Singapore, Indonesia, Malaysia and Brunei. He has held various leadership positions throughout his career in secure logistics and risk management with Brink’s, which started in Hong Kong in 2010. Andrew relocated to Singapore in 2018 to expand the precious metals line of business along with Brink’s portfolio of services and industries.

SBMA Committee-Photo-Kazuya-Naoki

Mr Kazuya Naoki

Head of Metals, Asia
ICBC Standard Bank Plc, Singapore Branch

Kazuya (Kaz) Naoki is the Head of Metals, Asia of ICBC Standard Bank in Singapore and is responsible for the precious & base metals sales and trading in the region. He joined Standard Bank Plc Tokyo Branch in 2008 and was relocated to its Singapore Branch in 2013 whose controlling stake was acquired by the Industrial and Commercial Bank of China in 2015. Prior to joining Standard Bank, Kaz spent 11 years focusing on commodity trading and risk management with Mitsui & Co in Tokyo, Sydney and London. Kaz has been serving on the SBMA Management Committee since 2016.

SBMA Committee-Photo-Vinh-Nguyen

Mr Vinh Nguyen

Head of Precious Metals, Asia
StoneX APAC Pte Ltd

Vinh Nguyen joined StoneX Group in Singapore at the beginning of 2008 and responsible for its APAC precious metals activities since 2019 until now.

SBMA Committee-KL-Yap

Mr KL Yap

General Manager, Singapore Refining Business Unit
Metalor Technologies (Singapore) Pte Ltd
KL YAP is the General Manager of Metalor Technologies (Singapore) Pte Ltd’s Singapore Refining Business Unit. He joined Metalor in 2013, initially in Refining Sales. In 2014, he became Refining Business Unit Manager, leading the development of a new precious metal refinery. KL was Vice Chairman of SBMA from 2017 to 2021, now serving as Chairman. With a degree in business commerce, finance, and marketing, he brings prior experience from refinery and heavy industries.