6F.—(1) A moneylender must also perform the measures referred to in rule 6E(2) in respect of —
(a)
all complex or unusually large relevant loans or unusual patterns of relevant loans that have no apparent or visible economic or lawful purpose;
(b)
relevant loans granted to any person —
(i)
from or in countries outside Singapore in relation to which the FATF has called for countermeasures, as notified by the Registrar; or
(ii)
from or in countries outside Singapore known to have inadequate measures for the prevention of money laundering or terrorism financing, as determined by the moneylender or as notified to moneylenders generally by the Registrar, a relevant law enforcement authority or a relevant foreign regulatory authority; and
(c)
any other categories of borrowers, agents, connected parties or beneficial owners of borrowers, or relevant loans which the moneylender considers may present, or are notified by the Registrar, a relevant law enforcement authority or a relevant foreign law enforcement authority as presenting, a high risk of money laundering or terrorism financing.
(2) A moneylender must, in performing the measures under paragraph (1), take into account the requirements of the Act, any subsidiary legislation made under the Act, and any regulations made under section 2 of the United Nations Act 2001.
[S 199/2023 wef 31/12/2021]
(3) A moneylender who contravenes paragraph (1) shall be guilty of an offence.