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Version No. 010 Secondhand Dealers and Pawnbrokers Regulations 1997 S.R. No. 175/1997 Version incorporating amendments as at 1 January 2003table of provisions Regulation×Page PART 1PRELIMINARY×1 1.×Objectives×1 2.×Commencement×2 3.×Authorizing
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Second-hand dealers and pawnbrokers are businesses that buy and sell used goods or offer loans using personal property as collateral.
Second-hand dealers and pawnbrokers are required to file reports with the appropriate regulatory authorities, such as local law enforcement or licensing agencies.
To fill out second-hand dealers and pawnbrokers reports, businesses must provide detailed information on each transaction, including item description, seller or borrower information, and transaction amount.
The purpose of second-hand dealers and pawnbrokers reporting is to help law enforcement track stolen goods and prevent illegal activities such as money laundering and fraud.
Information such as item description, seller or borrower personal information, transaction amount, and any identifying marks or serial numbers on the items must be reported.
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