Pawnbrokers Act 2015 · 2020 Revised Edition · Part 5 · Prevention of Money Laundering, Terrorism Financing and Financing of Proliferation of Weapons of Mass Destruction
75. Customer due diligence measures, additional measures and measures relating to targeted financial sanctions
Feedback & supportA pawnbroker must perform the customer due diligence measures specified in Part 2 of the Third Schedule.
pawnbroker
“pawnbroker” means a person who carries on a business of lending money on the security of pledges;
A pawnbroker must perform the additional measures specified in Part 3 of the Third Schedule.
A pawnbroker must perform the measures relating to targeted financial sanctions against terrorism in Part 4 of the Third Schedule.
A pawnbroker that contravenes subsection (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.