All provisions · AML/CFT Act (Cap. 251) · Part Iv: Financial intelligence unit
10 Establishment of Financial Intelligence Unit
(1) The Financial Intelligence Unit established as a body corporate under Part 3 of the Anti-Money Laundering Act (Cap. 251), shall continue as if it was established under this section.
(2) The FIU shall be a body corporate having perpetual succession, a common seal and power to sue or being sued in its corporate name, taking, purchasing or otherwise acquiring, holding or disposing of movable and immovable property, entering into contracts and doing or performing such other things or acts necessary for the performance of its functions under this Act.
(3) The FIU shall not, in the performance of its functions under section 13, be subject to the direction of, control or influence from any other person, authority or entity which may compromise its operational independence.
(2) The FIU shall be a body corporate having perpetual succession, a common seal and power to sue or being sued in its corporate name, taking, purchasing or otherwise acquiring, holding or disposing of movable and immovable property, entering into contracts and doing or performing such other things or acts necessary for the performance of its functions under this Act.
(3) The FIU shall not, in the performance of its functions under section 13, be subject to the direction of, control or influence from any other person, authority or entity which may compromise its operational independence.
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)
