Corruption, Drug Trafficking and Other Serious Crimes (Cross Border Movements of Physical Currency and Bearer Negotiable Instruments) (Exemption) Order 2010

No. S 45

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

(Chapter 65A)

In exercise of the powers conferred by section 48G of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, the Minister for Home Affairs hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Corruption, Drug Trafficking and Other Serious Crimes (Cross Border Movements of Physical Currency and Bearer Negotiable Instruments) (Exemption) Order 2010 and shall come into operation on 29th January 2010.

Definitions

2. In this Order, unless the context otherwise requires —

“cash transaction report” has the same meaning as in regulation 2 of the Casino Control (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2009 (G.N. No. S 507/2009);

[S 864/2024 wef 14/11/2024]

“casino operator” has the same meaning as in section 2(1) of the Casino Control Act 2006.

[S 490/2023 wef 31/12/2021]

Exemption

3. A casino operator shall be exempted from section 62 of the Act in respect of any receipt of cash from outside Singapore, if —

(a)	the entire amount of cash is received by the casino operator only in physical currency; and
(b)	the casino operator has filed a cash transaction report under regulation 3 of the Casino Control (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2009 (G.N. No. S 507/2009) in respect of the entire amount of physical currency received. [S 864/2024 wef 14/11/2024]

[S 490/2023 wef 31/12/2021]

Made this 25th day of January 2010.

BENNY LIM

Permanent Secretary,
Ministry of Home Affairs,
Singapore.

[MHA 112/2/00111; AG/LLRD/SL/65A/2010/1 Vol. 1]