Singapore legislation
Regulation 5
Regulation 5
Prohibition against dealing with property of designated 2140 List person
Amended byS 548/2019 wef 07/08/2019S 548/2019 wef 07/08/2019S 548/2019 wef 07/08/2019S 548/2019 wef 07/08/2019
No person in Singapore, and no citizen of Singapore outside Singapore, is to deal, directly or indirectly, in any property (including funds derived or generated from such property) that is owned or controlled, directly or indirectly, by or on behalf of —
(a)
a designated 2140 List person;
(b)
any entity which or individual who acts on behalf of or under the direction of a designated 2140 List person; or
(c)
any entity owned or controlled by a designated 2140 List person.