Besides Silver Bullion, who checks that all invoiced parcels are truly stored at the Vault and that ownership is assigned properly as stated on my tax invoice?

There are three independent entities: vault operators, LBMA-approved inspectors, and Financial Auditors that confirm that the parcel is stored at the specified facility. We also provide you photograph - which you can download as a report from our website - of each stored bullion parcel.

    1       Vault Operator(s) perform physical inspections and release parcel inventory reports which are checked against the Parcel Ownership list at least two times per week. Both the S.T.A.R. Parcel Ownership List and vault operators' parcel list are posted online and can be downloaded by S.T.A.R. Bullion Storage customers.

    2       London Bullion Market Association (LBMA) approved bullion auditors will perform an independent audit of all parcels, at least once every three months. Silver Bullion has contracted Bureau Veritas (formerly Inspectorate), an LBMA approved inspection company with over 6,000 employees worldwide - 200 of them are stationed in Singapore - to perform these audits and provide a certificate which can be downloaded through your S.T.A.R. Storage Interface online.

    3       Foo Kon Tan LLP (member of HLB International), our auditors, randomly check the physical presence of the parcels with the vault operator, independently check bank statements and cashflows with the banks and review parcel ownership records as evidenced by tax invoices, purchase orders and delivery orders to their respective monetary receipts and disbursements.

The ownership records are maintained by Silver Bullion Pte Ltd, made available to you online in a very transparent manner and controlled by Independent Accountants and Financial Auditors

    1       Independent Approved Accountants review and control the parcel ownership records and match these to Tax Invoices, Purchase Orders and Delivery Orders to their respective monetary receipts and disbursements. In Singapore a Tax Invoice falsification is a criminal, not civil, matter so this process is taken very seriously by all parties.

    2       Foo Kon Tan LLP (member of HLB International) independently check the physical presence of the parcels with the Vault Operator(s), independently check bank statements and cash flows with the Banks and review parcel ownership records as evidenced by tax invoices, purchase orders and delivery orders to their respective monetary receipts and disbursements.