Regulation 17

is approved by the Board of Directors of the casino operator;

is communicated to the employees and officers of the casino operator; and

applies to the casino operator and all of the casino operator’s branch offices.

policies, controls and procedures for the identification, assessment, monitoring, management and mitigation of the risks of money laundering, terrorism financing and proliferation financing; and

measures relating to —

the implementation of customer due diligence measures required under the Act and these Regulations;

the record‑keeping requirements under these Regulations and in any directions or codes issued by the Authority;

the monitoring of the implementation of the framework;

the prevention of transactions which would exceed the thresholds of risk established under paragraph (4)(a);

the appointment of an individual who holds a Category A special employee licence under the Casino Control (Licensing of Special Employees) Regulations 2009 (G.N. No. S 415/2009) as a compliance officer;

the establishment of procedures for the screening of potential employees; and

the regular training of employees on the framework referred to in paragraph (1) and any subsequent alterations to that framework.

establish thresholds of materiality and thresholds of risk to prevent, and to mitigate the risks of, money laundering, terrorism financing and proliferation financing;

take note of any new or developing thing, including any product, business practice or technology (especially technology that favours anonymity) or any other activity that may increase any risk of money laundering, terrorism financing or proliferation financing being conducted through or facilitated by the casino;

consider, before any sale, supply, provision or implementation of the new or developing thing referred to in sub‑paragraph (b) commences, the risks of money laundering, terrorism financing and proliferation financing that may arise as a result of such sale, supply, provision or implementation of the thing; and

consider all relevant risk factors relating to money laundering, terrorism financing and proliferation financing, including —

the risks posed by individual patrons or categories of patrons;

whether individual patrons or categories of patrons are from any jurisdiction —

that the casino operator identifies to have inadequate measures to prevent money laundering, terrorism financing or proliferation financing;

that the Authority or any regulatory authority (whether local or foreign) notifies the casino operator has inadequate measures to prevent money laundering, terrorism financing or proliferation financing;

that the casino operator knows any regulatory authority (whether local or foreign), or the intergovernmental body known as the Financial Action Task Force, has identified to have inadequate measures to prevent money laundering, terrorism financing or proliferation financing; or

in relation to which the intergovernmental body known as the Financial Action Task Force has called for the imposition of measures to prevent money laundering, terrorism financing or proliferation financing; and

the type of services and transactions provided, the modes of payment for those services and transactions, and whether any of those services or transactions will be conducted outside Singapore.

assess and enhance the effectiveness of that framework in monitoring and reducing the risks of money laundering, terrorism financing and proliferation financing being conducted through the casino or facilitated by the casino operator; and

identify any developments which may increase any risk of money laundering, terrorism financing or proliferation financing, and establish new policies, controls and procedures to minimise the casino operator’s, and the casino’s, exposure to such risks.

keep a record in writing of its findings and decisions, and the reasons for those findings and decisions, in relation to the matters referred to in paragraphs (1) to (6); and

produce that record to the Authority on demand.