Verify each customer's identity
Capture and verify ID at the counter or online before you do business.
AML/CFT for pawnbrokers and precious-metals dealers
Every customer is checked against sanctions and watchlists the moment you serve them. The records are kept and the reports are written for you. Nothing new for your staff to learn at the till.
200+pawnbrokers being digitalized across Singapore.
Industry initiative
Official compliance partner of the Singapore Pawnbrokers' Association
OneHypernet was appointed by SPA as the official consultant to digitalize compliance across the Singapore pawnbroking industry. Our blueprint was accepted by Enterprise Singapore for grant issuance, and the platform is rolling out to over 200 pawnbrokers nationwide.
Every AML/CFT requirement for pawnbrokers
MinLaw requires pawnbrokers and dealers to run all of these on their customers. OneKYC does each one, on every transaction, automatically.
All handled in one platformScreen against sanctions & terrorist lists
Check every customer against the UN and TSOFA designated lists.
Check for PEPs and adverse media
Flag politically-exposed persons and negative news on each customer.
Risk-rate every customer
Score each customer so the right level of checks is applied.
Run enhanced checks on higher risk
Stronger due diligence triggers automatically when risk is higher.
Establish source of funds
Capture and document source of funds and wealth for high-value pledges.
Surface red-flag indicators
MinLaw's red flags and unusual patterns are raised for you to review.
Monitor customers on an ongoing basis
Customers are re-screened and watched after their first visit.
File suspicious transaction reports
STRs are pre-filled and ready to send to the STRO.
Keep records for five years
Every check, document, and decision is stored and timestamped.
Keep AML/CFT policies and an audit trail
Your policy, controls, and a full audit log stay in one place.
Screen for proliferation financing
CPF screening is included alongside money-laundering checks.
Built for pawnbrokers, dealers, and high-value goods
If you take in valuables or pay out cash, the same AML rules apply. OneKYC fits all of these counters.
Pawnbrokers
Pledges and redemptions
New pledges, redemptions, and repeat customers, handled at the counter and online, with the paperwork captured once.
Precious metals & stones
Gold, jewelry and gems
Buying and selling precious metals and stones, with cash-transaction limits watched and reported for you.
High-value dealers
Watches, art and luxury
Other high-value goods that fall under dealer AML rules, with the same simple checks at the point of sale.
How it works at the counter
Your staff do what they always do. OneKYC does the compliance in between, on its own.
Scan the ID once
Verify the customer in seconds, at the counter or online.
We screen in the background
Sanctions, watchlist, and PEP checks run by themselves.
Automatic
Log the item
The value and a photo are saved to the customer's record.
We flag and report
If something looks off, you are alerted and the report is drafted.
AutomaticPawnbroker compliance, without the paperwork
See how chains run AML at the counter and online, at the speed customers expect.