All provisions · Beneficial Ownership Act (Cap. 251B) · Part III: Accessibility, disclosure and confidentiality of beneficial ownership
14A Disclosure of beneficial ownership information by trustees
(1) Notwithstanding section 14, a trustee shall disclose beneficial ownership information in respect of its trusts, upon request, to––
(a) a financial institution; or
(b) a designated non-financial business or profession, for the purpose of the financial institution’s or designated non-financial business’ or profession’s obligation under the Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251).
(2) For the purpose of this section, the terms “financial institution” and “designated non-financial business or profession” shall have the meanings given to them respectively under the Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251). (Inserted by Act 38 of 2022)
(a) a financial institution; or
(b) a designated non-financial business or profession, for the purpose of the financial institution’s or designated non-financial business’ or profession’s obligation under the Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251).
(2) For the purpose of this section, the terms “financial institution” and “designated non-financial business or profession” shall have the meanings given to them respectively under the Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251). (Inserted by Act 38 of 2022)
Official source: Beneficial Ownership Act (Cap. 251B), Act 4 of 2020, Revised Edition as at 31 May 2024 (Acts 4 of 2020, 6 of 2021, 26 of 2021, 38 of 2022, 28 of 2023); Act 18 of 2025 worked in by us
