Singapore legislation

Clause 61

of Trust Companies Bill

Clause 61

Falsification of records by officer, auditor, employee or agent of licensed trust company

Any officer, auditor, employee or agent of any licensed trust company who —

(a)

wilfully makes, or causes to be made, a false entry in any book of the licensed trust company;

(b)

wilfully omits to make, or causes to be omitted, an entry in any such book; or

(c)

wilfully alters, extracts, conceals or destroys, or causes to be altered, extracted, concealed or destroyed, an entry in any such book,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both.

Read in full context — Trust Companies Bill →