Singapore legislation

Section 22

of Money-changing and Remittance Businesses Act

Section 22

Information to be furnished by licensees

Amended by19/9625/200519/9625/2005

(1)

Every licensee shall furnish to the Authority, at such time and in such manner as the Authority may specify, such returns and information as the Authority may reasonably require for the proper discharge of its functions.

Amended by19/9625/2005

(2)

Any licensee who fails to furnish any returns or information required under this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day during which the offence continues after conviction. [17

Amended by19/9625/2005
Section 22 — Money-changing and Remittance Businesses Act