All provisions · AML/CFT Act (Cap. 251) · Part Iii: National anti-money laundering and countering the financing of terrorism committee
9 Meetings and procedures of Committee
(1) The Quorum for a meeting of the Committee shall be five members, but no decision of the Committee shall be binding unless it is ratified by no fewer than seven members.
(2) The decisions of the Committee shall be by consensus wherever possible, but, in the event of such consensus not being arrived at, the decision shall be by a simple majority of the members present and indicated by show of hands or through the circulation of a resolution by the Secretary to the Committee.
(3) In the event of a tie, the Chairperson of the Committee shall have a casting vote.
(4) The Committee shall meet at least once in every quarter.
(5) The business and affairs of the Committee shall be conducted in accordance with the provisions of Schedule 4 but subject thereto, the Committee may regulate its own procedure to conduct its business from time to time.
(2) The decisions of the Committee shall be by consensus wherever possible, but, in the event of such consensus not being arrived at, the decision shall be by a simple majority of the members present and indicated by show of hands or through the circulation of a resolution by the Secretary to the Committee.
(3) In the event of a tie, the Chairperson of the Committee shall have a casting vote.
(4) The Committee shall meet at least once in every quarter.
(5) The business and affairs of the Committee shall be conducted in accordance with the provisions of Schedule 4 but subject thereto, the Committee may regulate its own procedure to conduct its business from time to time.
Official source: Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251), Act 5 of 2020, Revised Edition as at 17 January 2025 (Acts 5 of 2020, 7 of 2021, 8 of 2021, 62 of 2021, 9 of 2022, 12 of 2024, S.I. 145 of 2020)
