Singapore Payment Services Act 2019
Part 2 Division 5: Audit – Singapore Payment Services Act 2019

Singapore Payment Services Act 2019 S38-40: Cooperate with MAS-appointed auditors and never destroy or remove records to obstruct an audit

Officers and employees must answer questions and produce books to an auditor MAS appoints; destroying, concealing or altering the licensee's books, or sending books or assets out of Singapore, to obstruct an examination or audit is an offence (up to $50,000 and 2 years' imprisonment), with the burden on the individual to disprove intent.

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