In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 · 2020 Revised Edition · Part 6 · General
31. Composition of offences
Feedback & support(1)
The Registrar may compound any offence under this Act that is prescribed as a compoundable offence by collecting, from a person reasonably suspected of having committed the offence, a sum not exceeding half of the amount of the maximum fine for the offence.
Registrar
Defined · s 2
“Registrar” means the Registrar of Regulated Dealers appointed under section 4(1);
(2)
On payment of the sum of money, no further criminal proceedings are to be taken against that person in respect of the offence.