PART IV | Mutilating, destroying or defacing currency notes and coins |
23.—(1) Any person who —| (a) | mutilates or destroys any currency note or coin; | | (b) | causes any change in a coin so as to destroy or diminish its value or utility; | | (c) | prints or stamps, or by any like means writes, or impresses, on any currency note any mark, word, letter or figure; or | | (d) | defaces any coin by stamping thereon any name or word, whether the coin is or is not thereby impaired, diminished or lightened, |
| shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000. |
[11/82] | (2) Nothing in this section shall be construed as limiting or affecting the provisions of the Penal Code (Cap. 224). [30 [11/82] |
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| Counterfeit currency notes and coins to be forfeited |
| 24. An officer of the Authority shall be empowered to seize any currency note or coin tendered to the Authority, which he believes on reasonable grounds to be counterfeit and, upon such seizure, that note or coin shall be forfeited to the Authority. [31 [3/91; 25/2002] |
25. Any police officer may arrest without warrant any person —| (a) | offending in his view against section 14, 20 or 23; or | | (b) | against whom a reasonable complaint has been made or creditable information has been received or a reasonable suspicion exists of his having contravened section 14, 20 or 23. [32 [11/82] |
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| Consent of Public Prosecutor |
| 26. No prosecution for any offence under this Act shall be instituted without the consent of the Public Prosecutor. [33 [47/98] [15/2010 wef 02/01/2011] |
| 27. [Repealed by Act 24/2003 wef 01/01/2004] |
| 28. The Authority may make such regulations as may be required from time to time for carrying into effect the provisions of this Act or prescribing anything that may be prescribed. [35 [33/95; 25/2002] |
| Savings and transitional provisions |
29.—(1) On 1st October 2002 —| (a) | the Board of Commissioners of Currency, Singapore (referred to this section as the Board) shall be dissolved; | | (b) | currency notes and coins issued by the Board before 1st October 2002 shall for all purposes be deemed to have been issued by the Authority; | | (c) | the reserves accumulated by the Board before the current term of office of the Government shall be added to the reserves accumulated by the Authority before such term; and | | (d) | all assets and moneys of the Currency Reserve Fund shall be transferred to Currency Fund. [25/2002] |
| (2) Any decision made by the Board under this Act before 1st October 2002 shall be deemed to be a decision made by the Authority. [25/2002] |
| (3) Any permission, consent, approval or authorisation granted by the Board under this Act before 1st October 2002 shall, so far as it is not inconsistent with the provisions of this Act, be deemed to be a permission, consent, approval or authorisation granted by the Authority. [25/2002] |
| (4) Any certificate, notice, order, direction or declaration issued or made by the Board or an officer of the Board under this Act before 1st October 2002 shall be deemed to be a certificate, notice, order, direction or declaration issued or made by the Authority or an officer of the Authority. [25/2002] |
| (5) Where in any document any reference is made to the Board of Commissioners of Currency, Singapore, such reference shall, as from 1st October 2002, be read as the Monetary Authority of Singapore. [25/2002] |
| (6) The Minister may, by order published in the Gazette, make such other savings or transitional provisions which appear to him to be necessary or expedient for the purposes of the Currency (Amendment) Act 2002 (Act 25 of 2002). [25/2002] |
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