Singapore legislation
Clause 140
Clause 140
Banking
(1)
A casino operator shall —
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)
An inspector may, by notice in writing, 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.
(3)
A person to whom a notice is given under subsection (2) shall comply with the notice.
(4)
An inspector may not exercise the powers conferred by this section without the prior written approval of the Authority.
(5)
Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.