Singapore legislation

Clause 25

of Financial Services and Markets Bill

Clause 25

Authority may provide assistance

Despite the provisions of any prescribed written law or any requirement imposed under any such written law, any rule of law, any contract or any rule of professional conduct, the Authority or any person authorised by the Authority may, on the Authority’s own motion, and subject to the satisfaction of such conditions as the Authority may determine, transmit any information in the possession of the Authority or a copy of the information, to —

(a)

an AML/CFT authority in connection with any supervision or supervisory action by the AML/CFT authority; or

(b)

a domestic authority in connection with an investigation, an enforcement action or a supervisory action by the domestic authority.

Clause 25 — Financial Services and Markets Bill | laws.sg