Monetary Authority of Singapore Act |
Monetary Authority of Singapore (Sanctions — Democratic People’s Republic of Korea) Regulations 2009 |
|
Citation and commencement |
1. These Regulations may be cited as the Monetary Authority of Singapore (Sanctions — Democratic People’s Republic of Korea) Regulations 2009 and shall come into operation on 13th August 2009. |
Object |
2. The object of these Regulations is to assist in giving effect to Resolutions 1718 (2006), 1874 (2009), 2087 (2013) and 2094 (2013) of the Security Council of the United Nations. [S 632/2013 wef 02/10/2013] |
Application |
3. These Regulations shall apply to every financial institution within the meaning of section 27A(6) of the Act (including a branch outside Singapore of any such financial institution incorporated or established in Singapore). [S 632/2013 wef 02/10/2013] |
Definitions |
4. In these Regulations, unless the context otherwise requires —
|
Prohibition against entering into financial transactions or providing financial assistance, services, etc., in relation to designated import items |
5. No financial institution shall, directly or indirectly (including through any provider of any brokering or other intermediary services) —
|
Prohibition against entering into financial transactions or providing financial assistance, services, etc., in relation to designated export items |
Prohibition against provision of certain financial services |
7.—(1) No financial institution shall, directly or indirectly (including through any provider of any brokering or other intermediary services) —
|
Prohibition against certain activities |
7A.—(1) No financial institution shall —
|
General prohibition |
8. No financial institution shall knowingly do anything that —
[S 632/2013 wef 02/10/2013] |
Duty to provide information |
9. Every financial institution which has any fact or information about any transaction, proposed transaction, act or thing prohibited by regulation 5, 6, 7 or 7A shall immediately inform the Authority of that fact or information, and provide such further information relating to the transaction, proposed transaction, act or thing, as the Authority may require. [S 632/2013 wef 02/10/2013] |
Managing Director, Monetary Authority of Singapore. |
[FSG.SLS.1/2002; AG/LEG/SL/186/2005/1 Vol. 3] |