Clause 3

by inserting, immediately after section 138, the following section:“Customer due diligence measures to combat money laundering and terrorism financing139.—

A casino operator shall, in the following circumstances, perform such customer due diligence measures to detect or prevent money laundering and the financing of terrorism as may be prescribed in regulations:

when the casino operator opens a patron account; (b)when the casino operator enters into a cash transaction with a patron involving $10,000 or more in a single transaction; (c)when the casino operator receives a sum of $5,000 or more in a single transaction to be deposited in a deposit account;

when the casino operator has a reasonable suspicion that a patron is engaged in any money laundering or terrorism financing activity; (e)when the casino operator has doubts about the veracity or adequacy of any information previously obtained about a patron; (f)when carrying out such other activities, or under such other circumstance, as may be prescribed. (2) A casino operator shall not proceed with the opening of any patron account or with any transaction for any patron account, or with any cash transaction or deposit, as the case may be ––

if the casino operator is unable to complete the applicable customer due diligence measures for any reason;

if the patron in question is unable or unwilling to provide any information requested by the casino operator, or decides to withdraw the application for the opening of the patron account or withdraw the cash transaction or deposit when requested to provide information; or

under such other circumstances as may be prescribed.(3) A casino operator shall keep all records obtained through the customer due diligence measures taken under subsection (1), including (but not limited to) all copies or records of any identification document, accounts and business correspondence, as well as the results of any analysis undertaken.(4) Any casino operator which fails to comply with subsection (1), (2) or (3) shall be liable to disciplinary action.(5) In this section —“cash” means currency notes and coins (whether of Singapore or of a foreign country) which are legal tender and circulate as money in the country of issue;“patron” means any person who —

opens a patron account with a casino operator; or

is involved in a cash transaction with a casino operator within its casino premises,whether or not that person participates in gaming in the casino;“patron account” means a credit account, a cheque cashing account, a deposit account or any other account opened by or on behalf of a patron with a casino operator.”;

by deleting paragraph (b) of section 143(1) and substituting the following paragraph:“(b)retained for the applicable period in sub‑paragraph (i) or (ii) or for such shorter period as the Authority may, on the application of the casino operator in any particular case, allow —

in the case of any record referred to in section 139(3), for not less than 5 years after the date of closure of the patron account (within the meaning of section 139) to which the record relates, or after the date of the transaction to which the record relates, whichever is the later; or

in the case of any other record, for not less than 5 years after the completion of the transaction to which the record relates; and”;

by inserting, immediately after subsection (1) of section 143, the following subsection:“(1A) The casino operator shall ensure that all records relating to the operations of the casino are kept in such a manner as to permit a reconstruction of individual transactions (including the amount and type of currency involved, if any) so as to provide, if necessary, evidence for prosecution of an offence.”;

by inserting, immediately after the words “subsection (1)” in section 143(3), the words “or (1A)”; and

by deleting paragraph (t) of section 200(2) and substituting the following paragraph:“(t)requirements to detect or prevent money laundering and the financing of terrorism;”.