United Nations (Freezing of Assets of Former President of Liberia and Connected Persons) Regulations 2004

No. S 601

United Nations Act

(Chapter 339)

United Nations (Freezing of Assets of Former President of Liberia and Connected Persons) Regulations 2004

In exercise of the powers conferred by section 2(1) of the United Nations Act, the Minister for Law hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the United Nations (Freezing of Assets of Former President of Liberia and Connected Persons) Regulations 2004 and shall come into operation on 2nd October 2004.

Object

2. The object of these Regulations is to assist in giving effect to Resolution 1532 (2004) of the Security Council of the United Nations.

Application

3. These Regulations shall not apply to any financial institution or class of financial institutions to the extent that the financial institution or class of financial institutions is or may be subject to the directions of the Monetary Authority of Singapore under section 27A of the Monetary Authority of Singapore Act (Cap. 186).

Definitions

4.—(1) In these Regulations, unless the context otherwise requires —

“1532 List” means the list of individuals or entities identified by the Committee as individuals or entities to whom or which the measures referred to in paragraph 1 of Resolution 1532 (2004) of the Security Council of the United Nations apply, which list is updated from time to time by the Committee, and made available on the Internet through the official United Nations website at http://www.un.org/;

“Committee” means the Committee of the United Nations Security Council established under paragraph 21 of Resolution 1521 (2003) of the Security Council of the United Nations;

“designated person” means any individual or entity set out in the 1532 List subject to the conditions set out in paragraph (2);

“funds” includes cheques, bank deposits and other financial resources;

“property” means real or personal property, movable or immovable, including a lease of immovable property as well as a right or an interest in such property.

(2) The conditions referred to in the definition of “designated person” in paragraph (1) are —

(a)	where any individual or entity is listed in the Schedule to these Regulations in force immediately before 27th April 2006 with effect from the prescribed date, the individual or entity is taken to be a designated person with effect from that prescribed date;
(b)	where any individual or entity is added to the 1532 List after 17th June 2005 but before 27th April 2006, the individual or entity is taken to be a designated person with effect from 27th April 2006;
(c)	where any individual or entity is added to the 1532 List on or after 27th April 2006, the individual or entity is taken to be a designated person with effect from the date immediately following the date of addition to the 1532 List;
(d)	where any individual or entity is removed from the 1532 List after 17th June 2005, the individual or entity ceases to be a designated person with effect from the date of removal from the 1532 List;
(e)	where the particulars of any individual or entity in the 1532 List are modified after 17th June 2005 but before 27th April 2006, they are taken to be modified for the purposes of these Regulations with effect from 27th April 2006; and
(f)	where the particulars of any individual or entity in the 1532 List are modified on or after 27th April 2006, they are taken to be modified for the purposes of these Regulations with effect from the date immediately following the date of modification in the 1532 List. [S 241/2006 wef 27/04/2006]

Prohibition against dealing with property of designated person

5. No person in Singapore and no citizen of Singapore outside Singapore shall deal, directly or indirectly, in any property that is owned or controlled, directly or indirectly, by or on behalf of —

(a)	a designated person;
(b)	any entity owned or controlled by a designated person; or
(c)	any individual or entity who acts on behalf of or under the direction of a designated person,

including funds derived or generated from such property.

[S 241/2006 wef 27/04/2006]

Prohibition against provision of resources and services for benefit of designated person

6. No person in Singapore and no citizen of Singapore outside Singapore shall make available any funds or other financial assets or economic resources, directly or indirectly, to —

(a)	a designated person;
(b)	any entity owned or controlled by a designated person; or
(c)	any individual or entity who acts on behalf of or under the direction of a designated person. [S 241/2006 wef 27/04/2006]

General prohibition

7. No person in Singapore and no citizen of Singapore outside Singapore shall knowingly do any thing that —

(a)	causes, assists or promotes; or
(b)	is intended to cause, assist or promote,

any act or thing prohibited by regulation 5 or 6.

Duty to provide information

8.—(1) Every person in Singapore and any citizen of Singapore outside Singapore who —

(a)	has possession, custody or control of any property belonging to a designated person or any entity owned or controlled by a designated person; or
(b)	has information about any transaction or proposed transaction in respect of any property belonging to a designated person or any entity owned or controlled by a designated person,

shall —

(i)	immediately inform the Commissioner of Police or any authorised person of that fact or information; and
(ii)	provide such further information relating to the property, transaction or proposed transaction as the Commissioner of Police or authorised person may require.

(2) No criminal or civil proceedings shall lie against a person for any disclosure made in good faith under paragraph (1).

(3) In this regulation —

“authorised person” means such person as the Minister may designate for the purposes of this regulation;

“Commissioner of Police” includes —

(a)	any police officer; and
(b)	any person authorised by the Commissioner of Police to act for him for the purposes of this regulation.

Offences

9.—(1) Any person in Singapore or any citizen of Singapore outside Singapore who contravenes regulation 5, 6, 7 or 8(1)(i) or (ii) shall be guilty of an offence.

(2) It shall be a defence for a person charged with an offence under paragraph (1) of contravening regulation 8(1)(i) or (ii) to prove that he had a reasonable excuse for such contravention.

Exemption

10. The Minister or a person designated by the Minister may, if he considers that it is appropriate to do so in the circumstances of the case and that it is consistent with the intention of the Security Council of the United Nations under Resolution 1532 (2004), by notice in writing exempt, subject to such conditions as he may specify —

(a)	any person or class of persons; or
(b)	any activity or class of activities,

from the operation of any or all provisions of these Regulations.

Made this 28th day of September 2004.

LIEW HENG SAN

Permanent Secretary,
Ministry of Law,
Singapore.

[LAW 06/006/002 Vol. 11; AG/LEG/SL/339/2001/1 Vol. 4]

(To be presented to Parliament under section 2(4) of the United Nations Act).

Search within Legislation