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← Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019

Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 s 25

Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 s 25

s 25 Power to seize property, etc., in certain circumstances

25.—(1) The Registrar may seize any property —(a) in respect of which a contravention of this Act is suspected to have been committed; (b) that is suspected to have been used or intended to be used in a contravention of this Act; or (c) that is suspected to constitute evidence of a contravention of this Act. (2) Subsection (1) does not apply to property held or suspected to be held in an account or a safe deposit box in a financial institution. (3) The occupier or person in charge of a place from which property is to be seized under subsection (1), or a representative of the occupier or person in charge, may attend during the seizure. (4) The Registrar must prepare and sign a list of any property seized under subsection (1), recording the location from which each item of property is seized. (5) A signed copy of the list must be given to the occupier or person in charge of the place from which property was seized, or a representative of the occupier or person in charge. (6) Instead of seizing any property under subsection (1), the Registrar may, by written order —(a) prohibit any person from dealing with the property; and (b) require any person to affix the order or a copy of the order on or near the property.

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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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