Singapore legislation

Clause 26

of Prevention of Proliferation Financing and Other Matters Bill

Clause 26

Amendment of section 14

In the Moneylenders Act 2008, in section 14 —

(a)

in subsection (5), replace “30 November 2018” with “the commencement date”;

(b)

in subsection (5), after paragraph (b), insert —“(ba)has been convicted of an offence under any provision of any other written law relating to —

(i)

the prevention of money laundering;

(ii)

the prevention of terrorism financing; or

(iii)

the prevention of the financing of proliferation of weapons of mass destruction;

(bb)has been convicted of an offence under the law of any foreign country or territory relating to —

(i)

the prevention of money laundering;

(ii)

the prevention of terrorism financing; or

(iii)

the prevention of the financing of proliferation of weapons of mass destruction;”; and

(c)

after subsection (14), insert —“(15) In subsection (5), “commencement date” means the date of commencement of section 26 of the Prevention of Proliferation Financing and Other Matters Act 2024.”.

Read in full context — Prevention of Proliferation Financing and Other Matters Bill →