Drug Trafficking (Confiscation of Benefits) Act · 1993 Revised Edition · Part V · Information Gathering Powers
30. Production orders in relation to financial institutions
Feedback & supportNotwithstanding anything in sections 26 to 29, a financial institution, other than a money-changer or a remitter, which is regulated by the Monetary Authority of Singapore shall not be required to produce any material pertaining to any customer or his account nor give an authorised officer access to it, unless the production or access is made in accordance with the provisions of any written law in force in Singapore.
financial institution
“financial institution” includes —(a)a bank licensed under the Banking Act;(b)a merchant bank that is approved as a financial institution under section 28 of the Monetary Authority of Singapore Act;(c)a finance company licensed under the Finance Companies Act;(d)a dealer or an investment adviser licensed under the Securities Industry Act;(e)a futures broker, a futures trading adviser or a futures pool operator licensed under the Futures Trading Act;(f)a company or society registered under the Insurance Act; and(g)such other company or class of companies which the Minister may by order prescribe;
In this section —
“money-changer” means a person who is licensed to conduct money-changing business under the Money-changing and Remittance Businesses Act [Cap. 187];
“remitter” means a person who is licensed to conduct remittance business under the Money-changing and Remittance Businesses Act;
“written law” means the Banking Act [Cap. 19], the Monetary Authority of Singapore Act [Cap. 186], the Finance Companies Act [Cap. 108], the Securities Industry Act, the Futures Trading Act [Cap. 116] and the Insurance Act [Cap. 142].