Singapore legislation
Regulation 6
of Charities (Fund-raising Appeals for Local and Foreign Charitable Purposes) Regulations 2012
Regulation 6
Duty to maintain accounting records
Subregulation 1
A charity, commercial fund-raiser, commercial participator or person conducting a fund-raising appeal shall maintain accounting records containing entries of —
all the donations received and disbursed by it; and
details of all the income received and the expenses incurred by it.
Subregulation 2
A charity, commercial fund-raiser, commercial participator or person conducting a fund-raising appeal shall maintain every accounting record for a minimum period of 5 years from the end of the financial year to which the accounting entry relates.
Subregulation 3
A charity, commercial fund-raiser, commercial participator or person mentioned in paragraph (1) commits an offence if the charity, commercial fund‑raiser, commercial participator or person (as the case may be) fails to comply with any requirement of paragraph (1) or (2).
Subregulation 4
A charity, commercial fund-raiser, commercial participator or person who is guilty of an offence under paragraph (3) shall be liable on conviction —
to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 3 years or to both; and
in the case of a continuing offence, to a further fine not exceeding $100 for every day or part of a day during which the offence continues after conviction.