Singapore legislation
Regulation 4
Regulation 4
General principles
Amended byS 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024
Subregulation 1
A moneylender shall exercise due diligence in accordance with these Rules when dealing with any borrower, or any agent or beneficial owner of a borrower.
Subregulation 2
Amended byS 373/2024 wef 01/05/2024
A moneylender shall conduct his business in such a manner as to guard against the grant of any loan that is, may be connected with or facilitates money laundering, terrorism financing or proliferation financing.
Subregulation 3
Amended byS 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024S 373/2024 wef 01/05/2024
A moneylender shall assist and cooperate with the relevant law enforcement authorities in detecting and preventing —
(a)
money laundering;
(b)
terrorism financing; and
(c)
proliferation financing.