Singapore legislation

Regulation 8

of Financial Services and Markets (Sanctions and Freezing of Assets of Persons — Libya) Regulations 2023

Regulation 8

Duty to provide information

Every financial institution which —

(a)

has possession, custody or control in Singapore of any funds, other financial assets or economic resources owned or controlled, directly or indirectly, by any designated person;

(b)

has information about any transaction or proposed transaction in respect of any funds, other financial assets or economic resources owned or controlled, directly or indirectly, by any designated person; or

(c)

has information about any act or thing prohibited by regulation 6,must immediately inform the Authority of that fact or information, and provide any further information relating to the funds, financial assets, economic resources, transaction, proposed transaction, act or thing that the Authority may require.

Read in full context — Financial Services and Markets (Sanctions and Freezing of Assets of Persons — Libya) Regulations 2023 →