s 28L Use of disclosed risk information by Authority and STROs
28L.—(1) The Authority is entitled —(a) to a copy of every disclosure of risk information made by a prescribed financial institution under section 28D or 28E, including any correction to such risk information; and (b) to access every publication of risk information by a prescribed financial institution under section 28F, including any correction to such risk information. (2) The Authority may only use the risk information mentioned in subsection (1) for the purpose of detecting and preventing —(a) money laundering; (b) terrorism financing; or (c) the financing of proliferation of weapons of mass destruction. (3) Without limiting subsection (2), the Authority may disclose any risk information mentioned in subsection (1) to another prescribed financial institution for the purpose of detecting and preventing any of the matters specified in subsection (2)(a), (b) or (c). (4) The Authority may give any STRO access to all or any risk information disclosed or published (including any correction to such risk information) on the electronic information sharing system established and maintained under section 28N(1), for the purpose of detecting and preventing any of the matters specified in subsection (2)(a), (b) or (c). (5) To avoid doubt, subsections (2) and (4) do not prevent the disclosure of any information by the Authority under and in accordance with Division 2 of Part 4.[Act 19 of 2023 wef 01/04/2024]