Page:Terrorism (Suppression of Financing) Act 2002.pdf/24

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24
NO. 16 OF 2002


No prosecution without Public Prosecutor’s consent

36. A prosecution under this Act shall not be instituted except by or with the consent of the Public Prosecutor.

Amendment of Schedule

37. The Minister may, by order published in the Gazette, amend the Schedule to specify any act or omission that is punishable under any law that implements any treaty, convention or other international agreement to which Singapore is a party as a terrorist act.

Regulations

38. The Minister may make such regulations as are necessary or expedient for the purpose of carrying out or giving effect to the provisions of this Act.

Related amendment to Monetary Authority of Singapore Act

39. The Monetary Authority of Singapore Act (Cap. 186) is amended by deleting section 27A and substituting the following section:

Directions or regulations to discharge Government’s international obligations
27A.—(1) The Authority may, from time to time—
(a) issue such directions to a financial institution or class of financial institutions; and
(b) make such regulations concerning any financial institution or class of financial institutions or relating to the activities of any financial institution or class of financial institutions, as the Authority considers necessary in order to discharge or facilitate the discharge of any obligation binding on Singapore by virtue of a decision of the Security Council of the United Nations.
(2) A financial institution to which a direction is issued under subsection (1)(a) or which is bound by any regulations made under subsection (1)(b) shall comply with the direction or regulations notwithstanding any other duty imposed on the financial institution by any rule of law, written law or contract.