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← Casino Control Act 2006

Casino Control Act 2006 s 140

s 140 Banking

140.—(1) Subject to subsection (2), a casino operator must —(a) keep and maintain separate accounts, as approved by the Authority, at one or more authorised banks for use for all banking transactions arising under this Act in relation to the casino operator; and[Act 29 of 2024 wef 30/10/2024] (b) from time to time provide the Authority, as required, and in a form approved by the Authority, with a written authority addressed to the authorised bank or banks referred to in paragraph (a) authorising the authorised bank or banks to comply with any requirements of an inspector exercising the powers conferred by this section.[36/2012] [Act 29 of 2024 wef 30/10/2024] (2) [Deleted by Act 29 of 2024 wef 30/10/2024] (3) An inspector may, by written notice, require the manager or other principal officer of an authorised bank referred to in subsection (1) to provide the inspector with a statement of an account referred to in that subsection and such other particulars relating to the account as may be specified in the notice. (4) A person to whom a notice is given under subsection (3) must comply with the notice. (5) An inspector may not exercise the powers conferred by this section without the prior written approval of the Authority. (6) Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.[36/2012] [Act 29 of 2024 wef 30/10/2024]

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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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