Singapore legislation
Regulation 8
Regulation 8
Identification measures for opening of patron account
Subregulation 1
A casino operator shall establish the identity of each patron who opens a patron account with the casino operator, in accordance with these Regulations and its system of internal controls.
Subregulation 2
Before opening a patron account, an authorised employee shall obtain and record, at the minimum, all of the following information:
the patron’s identifying information and signature;
the amount of the initial deposit into the patron account (including the type of foreign currency and conversion rate, if applicable);
the date the patron account is opened; (ca)the type and purpose of the patron account;
the name and signature of the authorised employee who approved the opening of the patron account.
Subregulation 3
Where the patron is a body corporate or unincorporate, the casino operator shall, apart from identifying the patron ––
take reasonable measures to understand the ownership and control structure of the patron; and
establish the identities of the persons having executive authority in the body corporate or unincorporate, including but not limited to, all the directors or partners thereof.