Drug Trafficking (Confiscation of Benefits) Act · 1993 Revised Edition · Part V · Information Gathering Powers
39. Protection for financial institution where information given pursuant to section 38
Feedback & supportWhere a financial institution, or a person who is an officer, employee or agent of the institution, gives information pursuant to subsection (1) of section 38 as soon as practicable after having the knowledge referred to in that subsection, the institution or person shall be taken, for the purposes of sections 41 and 43, not to have been in possession of that information at any time.
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;