s 71 Offence to destroy, conceal, alter, etc., records
71.—(1) An individual who, with intent to prevent, delay or obstruct the carrying out of any examination or audit under section 68 or 69 —(a) destroys, conceals or alters any book relating to the business of an operator or a settlement institution of a designated payment system; or (b) sends, or conspires with any other person to send, out of Singapore any book or asset of any description belonging to, in the possession of or under the control of the operator or settlement institution, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both. (2) If, in any proceedings for an offence under subsection (1), it is proved that the individual charged with the offence —(a) destroyed, concealed or altered any book mentioned in subsection (1)(a); or (b) sent, or conspired to send, out of Singapore any book or asset mentioned in subsection (1)(b), the onus of proving that, in so doing, the individual did not act with intent to prevent, delay or obstruct the carrying out of an examination or audit under section 68 or 69 lies on the individual.