Casino Control Act 2006 · 2020 Revised Edition · Part 8 · Casino Internal Controls
139. Customer due diligence measures to combat money laundering, terrorism financing and financing of proliferation of weapons of mass destruction
Feedback & supportLast amended by an amending law of 2024. 2 amendments in all.
A casino operator must, in the following circumstances, perform such customer due diligence measures to detect or prevent money laundering, terrorism financing and the financing of proliferation of weapons of mass destruction, as may be prescribed in regulations:
casino operator
“casino operator” means a person who is the holder of a casino licence;
when the casino operator opens a patron account;
when the casino operator enters into a transaction involving the payment of $4,000 or more (whether or not in cash) in a single transaction to a patron or to any person acting on behalf of a patron;
when the casino operator receives a sum of $4,000 or more (whether or not in cash) in a single transaction from, or on behalf of, a patron;
when the casino operator has a reasonable suspicion that a patron is engaged in any money laundering, terrorism financing or the financing of proliferation of weapons of mass destruction;
when the casino operator has doubts about the veracity or adequacy of any information previously obtained about a patron;
when carrying out such other activities, or under such other circumstance, as may be prescribed.
A casino operator must not proceed with the opening of any patron account or with any transaction referred to in subsection (1), and must consider whether to make a suspicious transaction report —
if the casino operator is unable to complete the applicable customer due diligence measures for any reason;
if the patron in question or any person acting on behalf of the patron is unable or unwilling to provide any information requested by the casino operator, or decides to withdraw the application for the opening of the patron account or stop the transaction in question when requested to provide information; or
under such other circumstances as may be prescribed.
A casino operator must keep all records obtained through the customer due diligence measures taken under subsection (1), including (but not limited to) all copies or records of any identification document, accounts and business correspondence, as well as the results of any analysis undertaken.
Any casino operator which fails to comply with subsection (1), (2) or (3) shall be liable to disciplinary action.
In this section and section 139A —
“cash” means currency notes and coins (whether of Singapore or of a foreign country) which are legal tender and circulate as money in the country of issue;
“patron” means any person who —
opens a patron account with a casino operator in the person’s own behalf; or
is involved in any transaction with a casino operator involving the receipt or payment of funds by the person from or to a casino operator, in the person’s own behalf,whether or not that person participates in gaming in the casino;
casino
“casino” means any premises, or part of premises, within a designated site where persons may participate in casino gambling approved by the Authority;
“patron account” means a credit account, a cheque cashing account, a deposit account or any other account established by a casino operator for a patron;
deposit account
“deposit account” means an account established by a casino operator for a patron, into which is to be credited deposits of money or any other permitted deposits as may be prescribed;
“suspicious transaction report” means a disclosure under section 45(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 or section 8 or 10 of the Terrorism (Suppression of Financing) Act 2002.