6F. Enhanced CDD measures in other cases

A moneylender must also perform the measures referred to in rule 6E(2) in respect of —

all complex or unusually large relevant loans or unusual patterns of relevant loans that have no apparent or visible economic or lawful purpose; (b)relevant loans granted to any person —

from or in countries outside Singapore in relation to which the FATF has called for countermeasures, as notified by the Registrar; or

from or in countries outside Singapore known to have inadequate measures for the prevention of money laundering, terrorism financing or proliferation financing —

as determined by the moneylender; or (B)as notified to moneylenders generally by the Registrar, a relevant law enforcement authority or a relevant foreign regulatory authority; and

any other categories of borrowers, agents, connected parties or beneficial owners of borrowers, or relevant loans which the moneylender considers may present, or are notified by the Registrar, a relevant law enforcement authority or a relevant foreign regulatory authority as presenting, a high risk of money laundering, terrorism financing or proliferation financing.

A moneylender must, in performing the measures under paragraph (1), take into account the requirements of the Act, any subsidiary legislation made under the Act, and any regulations made under section 2 of the United Nations Act 2001.

A moneylender who contravenes paragraph (1) shall be guilty of an offence.

A moneylender must also perform the measures referred to in rule 6E(2) in respect of —

all complex or unusually large relevant loans or unusual patterns of relevant loans that have no apparent or visible economic or lawful purpose; (b)relevant loans granted to any person —

from or in countries outside Singapore in relation to which the FATF has called for countermeasures, as notified by the Registrar; or

from or in countries outside Singapore known to have inadequate measures for the prevention of money laundering, terrorism financing or proliferation financing —

as determined by the moneylender; or (B)as notified to moneylenders generally by the Registrar, a relevant law enforcement authority or a relevant foreign regulatory authority; and

any other categories of borrowers, agents, connected parties or beneficial owners of borrowers, or relevant loans which the moneylender considers may present, or are notified by the Registrar, a relevant law enforcement authority or a relevant foreign regulatory authority as presenting, a high risk of money laundering, terrorism financing or proliferation financing.

A moneylender must, in performing the measures under paragraph (1), take into account the requirements of the Act, any subsidiary legislation made under the Act, and any regulations made under section 2 of the United Nations Act 2001.

A moneylender who contravenes paragraph (1) shall be guilty of an offence.