Prevention of Money Laundering Act (Cap. 373), article 15

15. (1) There shall be a government agency, to be known as the Financial Intelligence Analysis Unit. (2) The Unit shall be a body corporate having a distinct legal personality and shall be capable, subject to the provisions of this 20 CAP. 373.] PREVENTION OF MONEY LAUNDERING Act, of entering into contract s, of concluding memoranda of understanding or other agreements including with any foreign body, authority or agency as is referred to in article 16(1)( k), of acquiring, holding and disposing of any kind of property for th e purposes of its functions, of suing and being sued, and of doin g all such things and entering into al l such transactions as are inci dental or conducive to the exercise or p erformance of its functions un der this Act, including the borrowing of money. (3) The Unit shall enter into a n agency performance agreement with the Minister which agreement shall determine the funding o f the agency and, without prejudi ce to the generality of article 16(1), any specific tasks within the scope of the functions of the Uni t which are to be addresse d and achieved by the Unit. (4) The members of the Unit and all its employees shall abide by any Code of ethics applicable to public officers and shall, subject to any law to the contrary, have the same obligations thereunder: Provided that the Unit may, with the concurrence of the Minister, draw up service values and a Code of Ethics to supplement any public service Code of Ethics in respect of the Unit. Functions of the Unit. Added by: XXXI. 2001.4. Amended by: VI. 2005.5; III. 2015.10; XXVIII. 2017.10; I.2020.7.