Singapore legislation

Regulation 18

Purpose of this Division

Subregulation 1

This Division sets out the CDD measures to be performed by a registered corporate service provider under section 17(1).

A registered corporate service provider must perform the CDD measures in regulations 19, 20, 21, 22 and 26 —

(a)

before providing any corporate service to a customer; and

(b)

where the registered corporate service provider has reason —

(i)

to suspect money laundering, proliferation financing or terrorism financing; or

(ii)

to doubt the veracity or adequacy of documents, data or information obtained from earlier CDD measures.