Comparison View

Formal Consolidation |  Amended Act 21 of 2014
Suspicious Transaction Reporting Office
3A.—(1)  There shall be an office of the Government to be known as the Suspicious Transaction Reporting Office which shall be responsible for —
(a)the receipt and analysis of —
(i)any thing disclosed to a Suspicious Transaction Reporting Officer pursuant to a requirement under subsection (3) or pursuant to section 39(1);
(ii)any report under section 48C given to a Suspicious Transaction Reporting Officer under section 48C(5) or forwarded to a Suspicious Transaction Reporting Officer under section 48D;
(iii)any report under section 48E given to a Suspicious Transaction Reporting Officer under section 48E(5);
(iv)any cash transaction report submitted to a Suspicious Transaction Reporting Officer under section 48J(1); and
(v)any cash transaction report filed with a Suspicious Transaction Reporting Officer under any regulations made under section 200 of the Casino Control Act (Cap. 33A); and
(b)the dissemination of the results of any such analysis.
(2)  There shall be attached to the Suspicious Transaction Reporting Office such number of Suspicious Transaction Reporting Officers as appear to the Minister to be necessary for the performance of the responsibilities of the Suspicious Transaction Reporting Office.
(3)  A Suspicious Transaction Reporting Officer who is attached to the Suspicious Transaction Reporting Office may require any person to disclose any document or information for the purposes of an analysis referred to in subsection (1).
(4)  Where a person discloses any document or information to a Suspicious Transaction Reporting Officer pursuant to a requirement under subsection (3) —
(a)the disclosure shall not be treated as a breach of any restriction against the disclosure imposed by law, contract or rules of professional conduct; and
(b)the person shall not be liable for any loss arising out of the disclosure or any act or omission in consequence of the disclosure.
[Act 21 of 2014 wef 01/09/2014]
Informal Consolidation | Amended Act 7 of 2019
Suspicious Transaction Reporting Office
3A.—(1)  There shall be an office of the Government to be known as the Suspicious Transaction Reporting Office which shall be responsible for —
(a)the receipt and analysis of —
(i)any thing disclosed to a Suspicious Transaction Reporting Officer pursuant to a requirement under subsection (3) or pursuant to section 39(1);
(ii)any report under section 48C given to a Suspicious Transaction Reporting Officer under section 48C(5) or forwarded to a Suspicious Transaction Reporting Officer under section 48D;
(iii)any report under section 48E given to a Suspicious Transaction Reporting Officer under section 48E(5);
(iv)any cash transaction report submitted to a Suspicious Transaction Reporting Officer under section 48J(1);
[Act 7 of 2019 wef 10/04/2019]
(v)any cash transaction report filed with a Suspicious Transaction Reporting Officer under any regulations made under section 200 of the Casino Control Act (Cap. 33A);
[Act 7 of 2019 wef 10/04/2019]
(vi)any cash transaction report submitted to a Suspicious Transaction Reporting Officer under section 17 of the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019; and
[Act 7 of 2019 wef 10/04/2019]
(vii)any cash transaction report submitted to a Suspicious Transaction Reporting Officer under section 74A of the Pawnbrokers Act 2015 (Act 2 of 2015); and
[Act 7 of 2019 wef 10/04/2019]
(b)the dissemination of the results of any such analysis.
(2)  There shall be attached to the Suspicious Transaction Reporting Office such number of Suspicious Transaction Reporting Officers as appear to the Minister to be necessary for the performance of the responsibilities of the Suspicious Transaction Reporting Office.
(3)  A Suspicious Transaction Reporting Officer who is attached to the Suspicious Transaction Reporting Office may require any person to disclose any document or information for the purposes of an analysis referred to in subsection (1).
(4)  Where a person discloses any document or information to a Suspicious Transaction Reporting Officer pursuant to a requirement under subsection (3) —
(a)the disclosure shall not be treated as a breach of any restriction against the disclosure imposed by law, contract or rules of professional conduct; and
(b)the person shall not be liable for any loss arising out of the disclosure or any act or omission in consequence of the disclosure.
[Act 21 of 2014 wef 01/09/2014]