S.L. 492.2 Art. 3Applicability. Cap. 373.

(1) These regulations shall be binding on all enrolled voluntary organisations.

(2) Without prejudice to the provisions established in these regulations, the provisions laid down in the Prevention of Money

Laundering Act shall apply to all enrolled voluntary mutatis mutandis organisations.

(3) These regulations shall apply with immediate effect from the commencement of the financial period with effect from the date of the enrolment of a voluntary organisation. For the purpose of first enrolment, the organisation shall submit its annual return and annual accounts to the Commissioner in the form in which they have been prepared. The Commissioner shall receive such annual returns and annual accounts, even if the said are not in compliance with regulation 8.

(4) Upon enrolment, the administrators of the concerned voluntary organisation shall submit a written declaration signed by all the administrators as prescribed in Schedule VIII.