Singapore legislation
Clause 20
of Serious Crimes and Counter-Terrorism (Miscellaneous Amendments) Bill
Clause 20
Amendment of section 6A
Section 6A of the TSOF Act is amended by deleting paragraph (b) and substituting the following paragraph:“(b)in any other case, to a fine not exceeding the higher of —
(i)
$1 million; or
(ii)
twice the value of the property (including funds derived or generated from the property), financial services or other related services, or financial transaction (as the case may be) in respect of which the offence was committed.”.