Singapore legislation
Clause 58
of Banking Bill
Clause 58
Disqualification of directors and employees of banks
Notwithstanding the provisions of any other written law, any person —
who is or becomes bankrupt, suspends payments or compounds with his creditors; or
who is or has been convicted in any country of an offence involving dishonesty or fraud and has not received a free pardon for the offence for which he was convicted; or
who has been a director of, or directly concerned in the management of, a bank licensed under this Act or which was licensed under the Banking Ordinance, 1958 (M. Ord. 62 of 1958), (repealed by this Act) which is being or has been wound up by a court or the licence of which has been revoked,shall not, without the consent in writing of the Commissioner, act or continue to act as the director, manager, secretary or other officer in any bank.