Page:Remote Gambling Act 2014.pdf/7

8 ::(e) any other person licensed, approved, registered or regulated by the MAS under any written law,
 * but does not include such person or class of persons as the Minister, after consulting the MAS, may prescribe by order in the Gazette;
 * “financial transaction provider” means—
 * (a) any creditor;
 * (b) any card issuer;
 * (c) any operator of a terminal at which an electronic fund transfer may be initiated;
 * (d) any operator of a money transmitting business;
 * (e) any operator or any participant in a payment system or network used to effect a credit transaction, an electronic fund transfer, a stored value product transaction or a money transmitting service; or
 * (f) any participant in a prescribed payment system, being a payment system that is used or may be used in connection with or to facilitate payment to a remote gambling service,
 * but does not include a financial institution.

(2) A reference to a person being licensed, approved, registered or regulated under any written law referred to in subsection (1) includes a person who is exempted under that written law from being so licensed, approved, registered or regulated.

Meaning of “gambling” and associated terms

4.—(1) In this Act, unless the context otherwise requires—
 * “betting” means the staking of money or money’s worth—
 * (a) on the outcome of a horse-race or sporting event (whether or not the horse-race or sporting event has already occurred or been completed); or