Volltext: Tax crime as predicate offence to money laundering

2.2.8 Singapore 
Singapore being a member of the FATF and the APG®, it implements the FATF recommendations. In 
Singapore, ML is punishable according to chapter 65A of the Corruption, Drug trafficking and other 
serious crimes (confiscation of benefits) act.“ 
Singapore has enacted onshore tax crimes as predicate offences to ML by July 1, 2013 by including 
the following offences in part XII of the list of serious offences in schedule 2 under Art. 64 confisca- 
tion of benefits act: 
Part XII — 
Offences included as serious offences 
with effect from Ist July 2013 
Offences Description* 
Goods and Services Tax Act (Cap. 117A) 
Section 62 Fraud, etc. 
375. E 
Section 63 Improperly obtaining refund 
Income Tax Act (Cap. 134) 
376. | 
Section 96 Tax evasion 
377. . 
Section 96A Serious fraudulent tax evasion 
* Note: The short description of offences is for ease of 
reference only. 
[S 380/2015 wef 01/07/2013] 
It is evident that “Fraud etc.” according to Section 62 of the Goods and Services Act and “Improperly 
obtaining refund" according to Section 63 of the same Act as well as Tax evasion and Serious fraudu- 
lent tax evasion according to Sections 96 and 96A of the Income Tax Act are serious crime which 
have to be reported as suspicious transactions to the Singapore FIU according to art. 39 confiscation of 
benefits act. 
$5 'The Asia/Pacific Group on Money Laundering is the FSRB uniting 41 countries in Asia and across the Pacific 
Ocean, see footnote 17 above and http://www.apgml.org/, accessed on April 10, 2016. 
36 Available from http://statutes.agc.gov.sg/aol/download/0/O/pdf/binaryFile/pdfFile.pdf?ComplId:533264b6- 
42a7-441f-a5b2-9bdfd36863b3, accessed on April 10, 2016. 


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