Singapore legislation

Regulation 6C

of Moneylenders (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2009

Regulation 6C

General obligations for all CDD measures

Amended byS 522/2015 wef 01/09/2015

In performing any CDD measure, a moneylender must —

(a)

pay special attention to all complex transactions, unusually large transactions, or unusual patterns of transactions that have no apparent or visible economic or lawful purpose; and

(b)

to the extent possible, inquire into the background and purpose of those transactions, and document the findings with a view to making this information available to the relevant law enforcement authorities should the need arise.

Read in full context — Moneylenders (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2009 →