§ 29 — Disclosure of information to foreign authority

29.—(1) The Registrar may disclose any information or document obtained in the exercise of his or her functions under this Act to a corresponding authority of a foreign country or territory only if the Registrar is satisfied that —(a)

the information or document is relevant to enable the corresponding authority to carry out any supervision, investigation or enforcement under any law in that country or territory relating to —(i)

the prevention of money laundering;[Act 6 of 2024 wef 01/05/2024]

(ii)

the prevention of terrorism financing; or[Act 6 of 2024 wef 01/05/2024]

(iii)

the prevention of the financing of proliferation of weapons of mass destruction;[Act 6 of 2024 wef 01/05/2024]

(b)

there exists an arrangement under which the corresponding authority has agreed, or has given an undertaking, to communicate to Singapore, upon Singapore’s request, information received by the corresponding authority that corresponds to any thing required to be disclosed or reported to the Registrar under this Act;

(c)

the corresponding authority has given appropriate undertakings —(i)

for protecting the confidentiality of any thing communicated to it; and

(ii)

for controlling the use that will be made of any information or document disclosed to it (including an undertaking to obtain the prior consent of the Registrar before using or disclosing the information or document for a purpose other than the purpose for which the information or document was requested); and

(d)

any other prescribed conditions are fulfilled.

(2) In this section, “corresponding authority”, in relation to a foreign country or territory, means the authority of that foreign country or territory exercising any function that corresponds to the functions of the Registrar under this Act.

—(1) The Registrar may disclose any information or document obtained in the exercise of his or her functions under this Act to a corresponding authority of a foreign country or territory only if the Registrar is satisfied that —(a)

the information or document is relevant to enable the corresponding authority to carry out any supervision, investigation or enforcement under any law in that country or territory relating to —(i)

the prevention of money laundering;[Act 6 of 2024 wef 01/05/2024]

(ii)

the prevention of terrorism financing; or[Act 6 of 2024 wef 01/05/2024]

(iii)

the prevention of the financing of proliferation of weapons of mass destruction;[Act 6 of 2024 wef 01/05/2024]

(b)

there exists an arrangement under which the corresponding authority has agreed, or has given an undertaking, to communicate to Singapore, upon Singapore’s request, information received by the corresponding authority that corresponds to any thing required to be disclosed or reported to the Registrar under this Act;

(c)

the corresponding authority has given appropriate undertakings —(i)

for protecting the confidentiality of any thing communicated to it; and

(ii)

for controlling the use that will be made of any information or document disclosed to it (including an undertaking to obtain the prior consent of the Registrar before using or disclosing the information or document for a purpose other than the purpose for which the information or document was requested); and

(d)

any other prescribed conditions are fulfilled.

(2) In this section, “corresponding authority”, in relation to a foreign country or territory, means the authority of that foreign country or territory exercising any function that corresponds to the functions of the Registrar under this Act.