Singapore legislation
Clause 5
Clause 5
Amendment of section 5
In the Accountants Act, in section 5(1) —
(a)
after paragraph (a), insert —“(aa)consider all applications for registration or renewal of registration referred by the Registrar to the Oversight Committee under section 11 or 13, and take any action under either of those sections;”;
(b)
in paragraph (b), delete sub‑paragraph (i);
(c)
in paragraph (g)(i)(A) and (B), replace “money laundering or the financing of terrorism” with “money laundering, the financing of terrorism or proliferation financing”; and
(d)
in paragraphs (g)(i) and (ga)(ii), replace “money laundering and the financing of terrorism” with “money laundering, the financing of terrorism and proliferation financing”.