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NO. 34 OF 2014
- (a) direct the MAS to give a financial institution a payment blocking order; or
- (b) give a financial transaction provider a payment blocking order.
(2) A payment blocking order given to a financial institution or a financial transaction provider in relation to a person’s participation in any unlawful remote gambling activity may order the financial institution or the financial transaction provider concerned—
- (a) not to accept credit, or proceeds of credit, extended to that person;
- (b) not to accept any cheque, bank draft or similar instrument which is drawn by or in favour of that person;
- (c) not to make or accept any electronic funds transfer, or any funds transmission, to or from that person; or
- (d) to block payments, or otherwise prevent or prohibit transactions, generally where these use merchant category codes (or equivalents) customarily associated with gambling transactions.
(3) Where an authorised officer directs the MAS to make a payment blocking order under subsection (1)(a), the MAS must then give the financial institution concerned a payment blocking order.
(4) Before giving a direction or a payment blocking order under subsection (1), an authorised officer must have regard to, and give such weight as the officer considers appropriate to, all of the following matters:
- (a) whether, having regard to the content of the online location on which any bank account information is specified, that the bank account is used or is to be used to commit an offence under section 8, 9, 10 or 11 or to promote remote gambling in Singapore in contravention of section 17;
- (b) whether the merchant category codes (or equivalents) customarily associated with gambling transactions are used by credit card systems or other payment systems to determine
