Legal Updates for September 2019
Transition Period for Existing Regulated Dealers of Precious Stones and Precious Metals to Register Ends on 9 October 2019
On 17 September 2019, the Ministry of Law issued a Press Release to remind existing dealers of precious stones and precious metals ("regulated dealers") to register with the Registrar of Regulated Dealers by 9 October 2019. This is the end of the transition period for existing regulated dealers to register under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act. This Update provides a summary of the registration regime for regulated dealers, and highlights the key obligations for anti-money laundering and countering the financing of terrorism.
Myanmar Passes Gambling Law 2019 to Update its Gambling Regulatory Regime, but Many Questions Remain
On 7th May 2019, Myanmar enacted the Gambling Law 2019, which supersedes and repeals the old Gambling Law 1986. While the new law aims to modernise Myanmar's gambling law, it has raised questions over whether it addresses newer developments in the gambling space, in particular remote gambling. In this update, we examine the key features of the new law and highlight various areas of uncertainty which could be of concern to the public as well as the industry.
Towards Zero Waste: Parliament Passes the Resource Sustainability Bill
The Resource Sustainability Bill, which gives effect to the policies and targets outlined in the Zero Waste Masterplan, was passed in Parliament on 4 September 2019. The bill focusses on three priority waste streams, namely electronical and electronic waste, packaging waste and food waste and establishes several regulatory frameworks on producers of these priority waste streams over the next 5 years to create a more sustainable living environment in response to the growing challenge of climate change.
Advisory Guidelines on Collection, Use or Disclosure of NRIC Numbers Are Now in Full Force and Effect - The Advisory Guidelines Came into Effect on 1 September 2019
We would like to update businesses that the Advisory Guidelines on the Personal Data Protection Act for NRIC and other National Identification Numbers (“Advisory Guidelines”) issued by the Personal Data Protection Commission came into effect on 1 September 2019 and are now in full force and effect. This Client Update summarises the salient points of the Advisory Guidelines and aims to help businesses understand what measures are required to ensure that they fully comply with the Advisory Guidelines.