Singapore legislation

Clause 31

of Prevention of Proliferation Financing and Other Matters Bill

Clause 31

Amendment of section 74

In the Pawnbrokers Act 2015, in section 74 —

(a)

in the section heading, replace “and terrorism financing” with “, terrorism financing and financing of proliferation of weapons of mass destruction”;

(b)

in subsection (1), replace “and terrorism financing” with “, terrorism financing and the financing of proliferation of weapons of mass destruction”;

(c)

in subsection (2)(a) and (c), replace “money laundering and terrorism financing risks” with “risks of money laundering, terrorism financing and financing the proliferation of weapons of mass destruction,”;

(d)

in subsection (3), replace “to the risk of money laundering and terrorism financing and the size of the pawnbroker’s business.” with —“to —

(a)

the risks of money laundering, terrorism financing and financing the proliferation of weapons of mass destruction; and

(b)

the size of the pawnbroker’s business.”;

(e)

in subsection (4), replace “and terrorism financing” with “, terrorism financing and the financing of proliferation of weapons of mass destruction”;

(f)

in subsection (4)(e), replace “and terrorism financing” with “, terrorism financing and the financing of proliferation of weapons of mass destruction”; and

(g)

in subsection (5), replace “or terrorism financing” with “, prevention of terrorism financing or prevention of the financing of proliferation of weapons of mass destruction,”.

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