Singapore legislation

Regulation 21

of Legal Profession (Prevention of Money Laundering, Financing of Terrorism and Proliferation Financing) Rules 2015

Regulation 21

Sufficiency of documents and records relating to relevant matters

Subregulation 1

A legal practitioner must take reasonable steps to ensure that the documents and records relating to a relevant matter in which the legal practitioner has acted are sufficient —

(a)

to substantially permit a reconstruction of the relevant matter and of any transaction relating to the relevant matter; and

(b)

if necessary, to provide evidence for the prosecution of an offence relating to the relevant matter.

Subregulation 2

A law practice must take reasonable steps to ensure that the documents and records relating to a relevant matter in which the law practice, or any legal practitioner in the law practice, has acted are sufficient —

(a)

to substantially permit a reconstruction of the relevant matter and of any transaction relating to the relevant matter; and

(b)

if necessary, to provide evidence for the prosecution of an offence relating to the relevant matter.

Read in full context — Legal Profession (Prevention of Money Laundering, Financing of Terrorism and Proliferation Financing) Rules 2015 →