Singapore legislation

Section 14

of Travel Agents Act 1975

Section 14

Wrongful conversion and false accounts

(1)

Any licensee who —

(a)

fraudulently converts to the licensee’s own use or to the use of any other person —

(i)

any money or part thereof received by the licensee on behalf of any person in respect of any transaction in the licensee’s capacity as a travel agent; or

(ii)

any money or part thereof so received which are held by the licensee in trust pending the completion of any transaction;

(b)

fraudulently omits to account for, deliver or pay —

(i)

any such money or part thereof so received by the licensee on behalf of any person to such person; or

(ii)

any such money or part thereof so received by the licensee which are or were held by the licensee in trust as aforesaid pending the completion of the transaction to the person or persons entitled to such money; or

(c)

fraudulently renders an account knowing the account to be false in any material particular of —

(i)

any such money or part thereof so received by the licensee on behalf of any person;

(ii)

any money so received by the licensee which is or was held by the licensee in trust pending the completion of any transaction or any part of such money; or

(iii)

expenses, commission or other charges incidental to any transaction or proposed or contemplated transaction as a travel agent,shall be guilty of an offence and shall be liable on conviction to imprisonment for a term not exceeding 3 years.

(2)

Nothing in this section is to be construed to limit or in any way affect the provisions of any other written law.

Read in full context — Travel Agents Act 1975 →