United Nations (Sanctions — Democratic People’s Republic of Korea) Regulations 2010

any financial institution or class of financial institutions to the extent that the financial institution or class of financial institutions is or may be subject to directions issued or treated as issued by the Monetary Authority of Singapore under section 15 of the Financial Services and Markets Act 2022, or regulations made or treated as made by the Monetary Authority of Singapore under section 192 of the Financial Services and Markets Act 2022 for the purposes of section 15 of that Act; and

any VCC or class of VCCs to the extent that the VCC or class of VCCs is or may be subject to the directions issued or regulations made by the Monetary Authority of Singapore under section 83 of the Variable Capital Companies Act 2018.

where any individual or entity is added to the UN List on or after 1st November 2010, the individual or entity is taken to be a designated person with effect from the date immediately following the date of addition to the UN List;

where any individual or entity is removed from the UN List, the individual or entity ceases to be a designated person with effect from the date of removal from the UN List; and

where the particulars of any individual or entity in the UN List are modified on or after 1st November 2010, the particulars of the individual or entity are taken to be modified for the purposes of these Regulations with effect from the date immediately following the date of modification in the UN List.

lease or charter a ship registered as a Singapore ship under the Merchant Shipping Act 1995 or an aircraft registered in Singapore under the Air Navigation Act 1966 to any relevant entity or individual; or

provide crew services in respect of any ship or aircraft to any relevant entity or individual.

the Democratic People’s Republic of Korea;

any person in, or who is a national of, the Democratic People’s Republic of Korea;

any designated person;

any other entity or individual who has assisted in the commission of any offence under paragraph (1) or regulation 5, 5A, 6, 7, 8, 8A, 8C, 8D, 8E(1), 9, 9A, 10, 11, 12(1) or 12A;

any entity or individual acting on behalf of or under the direction of any other entity or individual mentioned in sub-paragraphs (a) to (d); or

any entity owned or controlled, directly or indirectly, by any entity or individual mentioned in sub-paragraphs (a) to (e).

provide any financial services (including the granting of export credits, guarantees or insurance); or

transfer financial assets or resources, or other assets or resources,that may contribute to any prohibited activity.

any nuclear-related, ballistic missile-related, or other weapons of mass destruction-related programs or activities of the Democratic People’s Republic of Korea; or

any activity that amounts to an offence under paragraph (1) or regulation 5, 5A, 6, 7, 8, 8A, 8B(1), 8C, 8D, 8E(1), 9, 9A, 10, 11 or 12A.

has possession, custody or control of any property belonging to a designated person or any entity owned or controlled by a designated person;

has information about any transaction or proposed transaction in respect of any property belonging to a designated person or any entity owned or controlled by a designated person; or

has information about any transaction prohibited by regulation 5, 6, 7 or 8,shall —

immediately inform the Commissioner of Police or any authorised person of that fact or information; and

provide such further information relating to the property, transaction or proposed transaction as the Commissioner of Police or authorised person may require.

must detain and take control and possession, and inspect any vessel within a port within the meaning of section 2 of the Maritime and Port Authority of Singapore Act 1996; and

may detain and take control and possession, and inspect any vessel that is otherwise within the territorial waters of Singapore (but not a vessel belonging to the naval, military or air forces of any country),if the person has reasonable grounds to believe that the vessel was or is involved in any activity, or the transport of anything, prohibited by regulation 5, 5A, 6, 6A, 7, 8, 8A, 8B(1), 8C, 8D, 8E(1), 9, 9A, 10, 11, 12(1), 12A or 13.

using, selling, mortgaging, transferring or leasing the vessel;

exchanging for funds, goods or services, the vessel;

otherwise dealing with the vessel in any other way that would result in any change in the location, ownership or possession of the vessel;

in relation to securities in or funds of that owner which is a corporation, the sole or a substantial asset of which is that vessel —

using, altering, moving, allowing access to or transferring any of the securities or funds;

dealing with the securities or funds in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination of any of the securities or funds; or

make any other change that would enable use (including portfolio management) of the securities or funds.

consent to that inspection by the appropriate authority of that State if he is satisfied that such reasonable grounds exist; or

direct the Singapore ship to proceed to an appropriate and convenient port for inspection by an appropriate authority at that port.

the subject of a contravention of regulation 5 or carried on board any aircraft or ship in contravention of regulation 6; or

the subject of a contravention of regulation 6 of the Regulation of Imports and Exports Regulations (Rg 1),shall be forfeited to the Government, and either destroyed or otherwise dealt with in such manner as the court may order.

in the case of anything seized by an officer of customs, that the thing be dealt with as the Director-General thinks fit, and in such a case the Director-General may direct that it be destroyed or otherwise dealt with; or

in any other case, that the thing be dealt with as the Commissioner of Police thinks fit, and in such a case the Commissioner of Police may direct that it be destroyed or otherwise dealt with.

the court proposes to order any property to be forfeited under this section; and

a person claiming to have an interest in the property has applied to be heard by the court,the court shall not order the property to be forfeited unless that person has been given an opportunity to show cause why the order should not be made.

any person or class of persons; or

any activity or class of activities,from regulation 9 or 10 or both.

any person or class of persons; or

the provision of any supplies or service,from regulation 11.