Singapore legislation
Clause 17
of Prevention of Proliferation Financing and Other Matters Bill
Clause 17
Amendment of section 35
In the PSPM Act, in section 35(1), replace paragraph (b) with —“(b)to set out best practices —
(i)
for regulated dealers with respect to measures for —
(A)
the prevention of money laundering;
(B)
the prevention of terrorism financing; and
(C)
the prevention of the financing of proliferation of weapons of mass destruction; and
(ii)
for giving effect to the relevant FATF Recommendations.”.