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3668212B-95De-4Ea1-9934
THE STATUTES OF THE REPUBLIC OF SINGAPORE CORRUPTION, DRUG TRAFFICKING AND OTHER SERIOUS CRIMES (CONFISCATION OF BENEFITS) ACT (CHAPTER 65A) (Original Enactment: Act 29 of 1992) REVISED EDITION 2000 (1st July 2000) Prepared and Published by THE LAW REVISION COMMISSION UNDER THE AUTHORITY OF THE REVISED EDITION OF THE LAWS ACT (CHAPTER 275) Informal Consolidation – version in force from 2/1/2021 CHAPTER 65A 2000 Ed. Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Short title 2. Interpretation 2A. Meaning of “item subject to legal privilege” 3. Application 3A. Suspicious Transaction Reporting Office PART II CONFISCATION OF BENEFITS OF DRUG DEALING OR CRIMINAL CONDUCT 4. Confiscation orders 5. Confiscation orders for benefits derived from criminal conduct 5A. Confiscation order unaffected by confiscation order under Organised Crime Act 2015 6. Live video or live television links 7. Assessing benefits of drug dealing 8. Assessing benefits derived from criminal conduct 9. Statements relating to drug dealing or criminal conduct 10. Amount to be recovered under confiscation order 11. Interest on sums unpaid under confiscation order 12. Definition of principal terms used 13. Protection of rights of third party PART III ENFORCEMENT, ETC., OF CONFISCATION ORDERS 14. Application of procedure for enforcing fines 1 Informal Consolidation – version in force from 2/1/2021 Corruption, Drug Trafficking and Other Serious Crimes 2000 Ed. (Confiscation of Benefits) CAP. 65A 2 Section 15. Cases in which restraint orders and charging orders may be made 16. Restraint orders 17. Charging orders in respect of land, capital markets products, etc. -
Consultation Paper on Regulating Merchant Banks Under the Banking
thank CONSULTATION PAPER P009 - 2019 May 2019 Regulating Merchant Banks under the Banking Act Monetary Authority Of Singapore 1 REGULATING MERCHANT BANKS UNDER THE BANKING ACT 21 MAY 2019 Contents 1 Preface ........................................................................................................... 3 2 Consolidating Regulation of Merchant Banks under the BA ......................... 5 3 Licensing Merchant Banks under the BA ....................................................... 6 4 Annex A: List of Questions ............................................................................. 7 5 Annex B: Relevant Sections in the BA for Merchant Banks ........................... 8 6 Annex C: Proposed Amendments to the BA ................................................ 10 Monetary Authority of Singapore 2 REGULATING MERCHANT BANKS UNDER THE BANKING ACT 21 MAY 2019 1 Preface 1.1 In June 2015, MAS announced that it will remove the divide between the Domestic Banking Unit (DBU) and the Asian Currency Unit (ACU). Banks and merchant banks (MBs) will no longer need to maintain two separate accounting units with effect from 1 October 2020.1 1.2 MAS subsequently conducted a closed consultation with MBs in February 2019, on the proposed consequential amendments to MBs’ regulatory requirements following the removal of the DBU-ACU divide. MAS thanks all respondents for their comments. We are considering the feedback received and will incorporate them into the relevant provisions, where appropriate. 1.3 In addition, MAS proposes to consolidate the regulation of MBs under the Banking Act (BA) upon removal of the DBU-ACU divide. MAS also proposes to move MBs to a licensing regime from the current approval framework under the Monetary Authority of Singapore Act (MAS Act). The draft legislative amendments to effect these proposals are set out in this consultation paper. 1.4 MAS invites interested parties to provide their views and comments on the proposed amendments in this paper. -
Insolvency, Restructuring and Dissolution Bill
Insolvency, Restructuring and Dissolution Bill Bill No. 32/2018. Read the first time on 10 September 2018. INSOLVENCY, RESTRUCTURING AND DISSOLUTION ACT 2018 (No. of 2018) ARRANGEMENT OF SECTIONS PART 1 PRELIMINARY Section 1. Short title and commencement 2. General interpretation PART 2 JURISDICTION, POWERS AND PROCEDURE OF COURT Division 1 — Jurisdiction 3. High Court to be court that has jurisdiction in corporate and individual insolvency, etc. 4. Exercise of jurisdiction in chambers 5. Jurisdiction of Registrar under this Act 6. General powers of Court under this Act 7. Power to review orders 8. Appeals under this Act 9. Criminal jurisdiction of District and Magistrate’s Courts Division 2 — Procedure 10. Where no specific procedure provided 11. Power to adjourn proceedings 12. Power to amend written process, etc. 2 Section 13. Power to extend time 14. Manner of taking evidence 15. Costs to be in Court’s discretion PART 3 OFFICIAL ASSIGNEE, OFFICIAL RECEIVER AND INSOLVENCY PRACTITIONERS Division 1 — Official Assignee and Official Receiver 16. Appointment of Official Assignee 17. Appointment of Official Receiver 18. Removal of Official Assignee or Official Receiver 19. Official names of Official Assignee and Official Receiver 20. Delegation of powers and functions by Official Assignee and Official Receiver 21. Official Assignee and Official Receiver deemed to be public servants 22. General duties of Official Assignee as regards bankrupt’s conduct and affairs 23. General duties of Official Assignee as regards estate of bankrupt 24. Discretion of Official Assignee in administration of estate of bankrupt 25. Power to administer oaths 26. Official Assignee’s accounts 27. -
MER-Singapore-2016.Pdf
Anti-money laundering and counter-terrorist financing measures Singapore Mutual Evaluation Report September 2016 The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing standard.and the financing of proliferation of weapons of mass destruction. The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CTF) For more information about the FATF, please visit the website: www.fatf-gafi.org For more information about the APG, please visit the website: www.apgml.org This document and/or any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. This assessment was adopted by the FATF at its June 2016 Plenary meeting. Citing reference: FATF and APG (2016), Anti-money laundering and counter-terrorist financing measures - Singapore, Fourth Round Mutual Evaluation Report, FATF, Paris and APG, Sydney www.fatf-gafi.org/publications/mutualevaluations/documents/mer-singapore-2016.html © 2016 FATF and APG. All rights reserved. No reproduction or translation of this publication may be made without prior written permission. Applications for such permission, for all or part of this publication, should be made to the FATF Secretariat, 2 rue André Pascal 75775 Paris Cedex 16, France (fax: +33 1 44 30 61 37 or