Leon Perera on Corporate Registers (Miscellaneous Amendments) Bill
A Bill that will strengthen Singapore’s measures to tackle money laundering and terrorism financing underlines the country’s commitment to being a responsible global player in financial services, said MP Leon Perera. However, he raised several questions in Parliament on Monday (Jan 10). First, he asked for the rationale in making local companies update their registers of nominee directors within seven days when there is already an existing requirement to update changes in holders of key positions within 14 days. He also asked how the Government intends to improve compliance with three specific Financial Action Task Force recommendations where it was found to be only partially compliant.
A Bill that will strengthen Singapore’s measures to tackle money laundering and terrorism financing underlines the country’s commitment to being a responsible global player in financial services, said MP Leon Perera. However, he raised several questions in Parliament on Monday (Jan 10). First, he asked for the rationale in making local companies update their registers of nominee directors within seven days when there is already an existing requirement to update changes in holders of key positions within 14 days. He also asked how the Government intends to improve compliance with three specific Financial Action Task Force recommendations where it was found to be only partially compliant.
Popular Shows
