MAS: Directive 19 - Offences by Directors, Employees and Agents

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Directive 19

1 Nov 1985

Directives to Merchant Banks

Offences by Directors, Employees and Agents

19(1) Any director, manager, trustee, auditor, employee or agent of any merchant bank shall not -

	a)	wilfully make or cause to be made, a false entry in any book of record or in any report, slip, document or statement of the business, affairs, transactions, conditions, assets or accounts of that merchant bank;
	b)	wilfully omit to make an entry in any book of record or in any report, slip, document or statement of the business, affairs, transactions, conditions assets or accounts of that merchant bank, or wilfully cause any such entry to be omitted; or
	c)	wilfully alter, abstract, conceal or destroy an entry in any book of record or in any report, slip, document or statement of the business, affairs, transaction, conditions, assets or accounts of that merchant bank, or wilfully cause any such entry to be altered, abstracted, concealed or destroyed.

Last modified on 19/3/2007