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← Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992

Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 s 55

s 55 Possessing or using property reasonably suspected to be benefits from drug dealing, etc.

55.—(1) Any person who possesses or uses any property that may be reasonably suspected of being, or of in whole or in part, directly or indirectly, representing, any benefits of drug dealing or benefits from criminal conduct shall, if the person fails to account satisfactorily how the person came by the property, be guilty of an offence.[51/2018] (2) Any person who commits an offence under subsection (1) shall be liable on conviction —(a) if the person is an individual, to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 3 years or to both; or (b) if the person is not an individual, to a fine not exceeding $300,000.[47AA [51/2018]

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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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