Singapore legislation

Section 74A

of Pawnbrokers Act 2015

Section 74A

Cash transaction reports

Amended by7/20197/20197/20197/2019

(1)

A pawnbroker that enters into any relevant transaction specified in Part 1 of the Third Schedule must submit to a Suspicious Transaction Reporting Officer a cash transaction report relating to the relevant transaction, within the time and in the form and manner specified in Part 2 of the Third Schedule.

Amended by7/2019

(2)

A pawnbroker must keep a copy of each cash transaction report submitted under subsection (1) for the period specified in Part 2 of the Third Schedule.

Amended by7/2019

(3)

A pawnbroker must, at the time of submitting a cash transaction report under subsection (1) or immediately thereafter, submit a copy of the cash transaction report to the Registrar.

Amended by7/2019

(4)

A pawnbroker that fails to comply with subsection (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.

Amended by7/2019