Communication of information to foreign authority
48.—(1)  Despite section 77 and any other written law or rule of law, a Suspicious Transaction Reporting Officer may communicate any thing —
(a)disclosed to the Suspicious Transaction Reporting Officer pursuant to a requirement under section 5(3) or pursuant to section 45(1);
(b)given to the Suspicious Transaction Reporting Officer under section 60(4) or 62(4);
(c)forwarded to the Suspicious Transaction Reporting Officer under section 61;
(d)submitted to the Suspicious Transaction Reporting Officer under section 68(1);
(e)filed with the Suspicious Transaction Reporting Officer under any regulations made under section 200 of the Casino Control Act 2006;
(f)submitted to a Suspicious Transaction Reporting Officer under section 17 of the Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019; or
[Act 6 of 2024 wef 01/05/2024]
(g)submitted to a Suspicious Transaction Reporting Officer under section 74A of the Pawnbrokers Act 2015,
to a corresponding authority of a foreign country if —
(h)that thing may be relevant to an investigation by that authority into a foreign drug dealing offence or a foreign serious offence; and
(i)the conditions in subsection (2) are satisfied.
[44/2007; 21/2014; 7/2019]
(2)  The conditions mentioned in subsection (1) are as follows:
(a)there exists an arrangement, or an international arrangement, under which the corresponding authority of the foreign country has agreed, or the corresponding authority of the foreign country has given an undertaking, to communicate to Singapore, upon Singapore’s request, information received by the corresponding authority that corresponds to any thing required to be disclosed, given, forwarded or submitted to, or filed with, a Suspicious Transaction Reporting Officer pursuant to a requirement under section 5(3) or under section 45(1) or any of the provisions mentioned in subsection (1)(b) to (g), or required to be given to an immigration officer under section 60(4);
(b)the Suspicious Transaction Reporting Officer is satisfied —
(i)in any case where there exists an international arrangement mentioned in paragraph (a), that the corresponding authority has given appropriate undertakings under or in accordance with the international arrangement —
(A)for protecting the confidentiality of any thing communicated to the corresponding authority; and
(B)for controlling the use that will be made of that thing, including an undertaking that the thing will not be used as evidence in any proceedings; or
(ii)in any other case, that the corresponding authority has given appropriate undertakings —
(A)for protecting the confidentiality of any thing communicated to the corresponding authority; and
(B)for controlling the use that will be made of that thing, including an undertaking that the thing will not be used as evidence in any proceedings;
(c)such other conditions as the Minister may prescribe.
[44/2007; 21/2014; 51/2018; 7/2019]
(3)  In this section —
“corresponding authority”, in relation to a foreign country, means the authority of that foreign country responsible for receiving information that corresponds to any thing required to be disclosed to an authorised officer under section 45(1);
“international arrangement” means an arrangement for cooperation in accordance with the rules or by‑laws of, or any principles or guidelines issued by, any prescribed international organisation, and to which the Suspicious Transaction Reporting Office mentioned in section 5 and the corresponding authority of a foreign country are parties.
[41
[44/2007; 51/2018; 7/2019]