Singapore legislation

Regulation 6

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

Regulation 6

Prohibition against supply of financial assistance and financial services to designated persons

A financial institution in Singapore must not directly or indirectly supply —

(a)

financial or other assistance; or

(b)

investment, brokering or other financial services,related to military activities or to the supply, sale, transfer, manufacture, maintenance or use of weapons and military equipment, to any designated person.

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