Singapore legislation
Regulation 39
Regulation 39
Compliance with directions
Subregulation 1
A registered corporate service provider (X) must, in its provision of corporate services, comply with any written directions that the Registrar may issue for compliance with any FATF recommendation.
Subregulation 2
The written directions mentioned in paragraph (1) include —
written directions with respect to the standards to be maintained by X in the conduct of X’s business to give effect to the provisions of this Part;
where X is contravening, is likely to contravene or has contravened any provision of this Part, written directions to require X —
to comply with that provision or to cease contravention of that provision;
to take any action necessary to enable X to conduct X’s business in accordance with sound principles for the prevention of money laundering, proliferation financing and terrorism financing; and
to make good any default committed by X; and
written directions for any other purpose specified in this Part.