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← Banking Act 1970

Banking Act 1970 s 6

s 6 Examination of persons suspected of transacting banking business and access to premises

6.—(1) Whenever the Authority has reason to believe that a person is transacting banking business without a licence, the Authority, at all times —(a) has full and free access to the premises at which that person is suspected of transacting banking business without a licence or at which that person may have books; and (b) has the power to examine, copy or take possession of the books of that person in order to ascertain whether or not that person has violated, or is violating, any of the provisions of this Act. (2) Any refusal to allow full and free access to such premises or to submit such books is prima facie evidence of the fact of operation without a licence.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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