Internal control measures
6.  For the purposes of section 48I(1) of the Act, the internal control measures to be performed by a prescribed person before entering into any cash transaction referred to in section 48I(1)(a) or (b) of the Act with any customer are to put in place internal controls to ensure compliance with —
(a)the Terrorism (Suppression of Financing) Act (Cap. 325); and
(b)both of the following Regulations made under the United Nations Act (Cap. 339):
(i)the United Nations (Sanctions — Democratic People’s Republic of Korea) Regulations 2010 (G.N. No. S 570/2010);
(ii)the United Nations (Sanctions — Iran) Regulations 2014 (G.N. No. S 633/2014).