Singapore legislation
Section 140
Section 140
Banking
(1)
Subject to subsection (2), a casino operator must —
keep and maintain separate accounts, as approved by the Authority, at an authorised bank for use for all banking transactions arising under this Act in relation to the casino operator; and
from time to time provide the Authority, as required, and in a form approved by the Authority, with a written authority addressed to the authorised bank referred to in paragraph (a) authorising the authorised bank to comply with any requirements of an inspector exercising the powers conferred by this section.
(2)
The Authority may, on the application of a casino operator, allow specific banking transactions to be carried out at another bank, subject to such conditions as the Authority may impose.
(3)
An inspector may, by written notice, require the manager or other principal officer of an authorised bank referred to in subsection (1) to provide the inspector with a statement of an account referred to in that subsection and such other particulars relating to the account as may be specified in the notice.
(4)
A person to whom a notice is given under subsection (3) must comply with the notice.
(5)
An inspector may not exercise the powers conferred by this section without the prior written approval of the Authority.
(6)
Any casino operator who fails to comply with subsection (1) or any of the conditions imposed under subsection (2) shall be liable to disciplinary action.