Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 · 2020 Revised Edition · Part 6 · General
29. Disclosure of information to foreign authority
Feedback & supportLast amended by an amending law of 2024.
The Registrar may disclose any information or document obtained in the exercise of his or her functions under this Act to a corresponding authority of a foreign country or territory only if the Registrar is satisfied that —
Registrar
“Registrar” means the Registrar of Regulated Dealers appointed under section 4(1);
the information or document is relevant to enable the corresponding authority to carry out any supervision, investigation or enforcement under any law in that country or territory relating to —
the prevention of money laundering;
the prevention of terrorism financing; or
the prevention of the financing of proliferation of weapons of mass destruction;
there exists an arrangement under which the corresponding authority has agreed, or has given an undertaking, to communicate to Singapore, upon Singapore’s request, information received by the corresponding authority that corresponds to any thing required to be disclosed or reported to the Registrar under this Act; (c)the corresponding authority has given appropriate undertakings —
for protecting the confidentiality of any thing communicated to it; and
for controlling the use that will be made of any information or document disclosed to it (including an undertaking to obtain the prior consent of the Registrar before using or disclosing the information or document for a purpose other than the purpose for which the information or document was requested); and
any other prescribed conditions are fulfilled.
In this section, “corresponding authority”, in relation to a foreign country or territory, means the authority of that foreign country or territory exercising any function that corresponds to the functions of the Registrar under this Act.