Singapore legislation

Regulation 6

of Financial Services and Markets (Freezing of Assets of Persons — Yemen) Regulations 2023

Regulation 6

Duty to provide information

Every financial institution which —

(a)

has possession, custody or control in Singapore of any funds, other financial assets or economic resources owned or controlled, directly or indirectly, by any designated person; or

(b)

has information about any transaction or proposed transaction in respect of any funds, other financial assets or economic resources owned or controlled, directly or indirectly, by any designated person,must immediately inform the Authority of that fact or information, and provide any further information relating to the funds, financial assets, economic resources, transaction or proposed transaction that the Authority may require.