Singapore legislation
Clause 10
Clause 10
Amendment of section 45
In the CDSA, in section 45, after subsection (9), insert —“(10) Despite section 77 and any other written law or rule of law, where a regulated person has disclosed under subsection (1) any thing to a Suspicious Transaction Reporting Officer, that Suspicious Transaction Reporting Officer (or any other Suspicious Transaction Reporting Officer) may, in order to enable the specified regulator of the regulated person to carry out any of its functions or duties, communicate that thing disclosed by the regulated person to the regulated person’s specified regulator.(11) In this section —“regulated person”, in relation to a specified regulator, means any person who is approved, authorised, designated, recognised, registered, licensed or otherwise regulated by the specified regulator under any written law, and that is either —
prescribed as a regulated person of that specified regulator; or
a member of a class of persons prescribed as regulated persons of that specified regulator;“specified regulator” means —
any ministry, department or Organ of State of the Government, or a public officer of any ministry, department or Organ of State of the Government; or
a public authority established under any public Act for a public purpose or an officer or employee of the public authority,that is prescribed as a specified regulator.”.