Singapore legislation
Regulation 5
Regulation 5
Prohibition against dealing with funds, etc., of designated person, etc.
A person in Singapore or a citizen of Singapore outside Singapore must not deal, directly or indirectly, with any funds or other financial assets or economic resources that are owned or controlled, directly or indirectly, by or on behalf of —
(a)
a specified person;
(b)
an individual or entity that acts on behalf of or under the direction of a specified person; or
(c)
an entity owned or controlled by a specified person.