Corruption, Drug Trafficking and Other Serious Crimes (Cross Border Movements of Physical Currency and Bearer Negotiable Instruments) (Exemption) Order 2010

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Published in Subsidiary Legislation Supplement
on 29 Jan 2010

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No. S 45

Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act

(Chapter 65A)

Corruption, Drug Trafficking and Other Serious Crimes (Cross Border Movements of Physical Currency and Bearer Negotiable Instruments) (Exemption) Order 2010

In exercise of the powers conferred by section 48G of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, the Minister for Home Affairs hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Corruption, Drug Trafficking and Other Serious Crimes (Cross Border Movements of Physical Currency and Bearer Negotiable Instruments) (Exemption) Order 2010 and shall come into operation on 29th January 2010.

Definitions

2. In this Order, unless the context otherwise requires —

“cash transaction report” has the same meaning as in regulation 2 of the Casino Control (Prevention of Money Laundering and Terrorism Financing) Regulations 2009 (G.N. No. S 507/2009);

“casino operator” has the same meaning as in section 2(1) of the Casino Control Act (Cap. 33A).

Exemption

3. A casino operator shall be exempted from section 48E of the Act in respect of any receipt of cash from outside Singapore, if —

(a)	the entire amount of cash is received by the casino operator only in physical currency; and
(b)	the casino operator has filed a cash transaction report under regulation 3 of the Casino Control (Prevention of Money Laundering and Terrorism Financing) Regulations 2009 (G.N. No. S 507/2009) in respect of the entire amount of physical currency received.

Made this 25th day of January 2010.

BENNY LIM

Permanent Secretary,
Ministry of Home Affairs,
Singapore.

[MHA 112/2/00111; AG/LLRD/SL/65A/2010/1 Vol. 1]