Section 93

to prescribe the maximum amount that may be lent by a moneylender to a borrower or to any borrower belonging to any class or description of borrowers;

to prescribe the maximum aggregate amount that may be lent by all moneylenders to a borrower or to any borrower belonging to any class or descriptions of borrowers;

to prohibit a moneylender from granting to a borrower a loan of an amount that would, together with any other loan granted to the borrower by the moneylender or any other moneylender that remains outstanding, exceed the prescribed maximum aggregate amount that may be lent at any one time by all moneylenders to the borrower or to a class or description of borrowers to which the borrower belongs;

to prescribe the class or description of borrowers to which a moneylender may grant a loan, or a loan above a specified amount, either generally or in specified circumstances;

to prescribe the circumstances under which a moneylender is prohibited or restricted from granting a loan to a borrower;

to regulate the use of advertisements by or on behalf of any moneylender, or any solicitation or canvassing for business by or on behalf of any moneylender;

to prescribe the types of activities and services that a moneylender may not engage in or provide;

to specify the places where a moneylender may conduct the business of moneylending;

to require a moneylender to keep particular accounts or records relating to loans;

to prescribe the manner in which accounts and records are to be kept and the particulars to be entered therein;

to regulate the conduct of the business of moneylending, or specific types of moneylending activities or services;

to provide for the detection and prevention of money laundering or the financing of terrorism, or for the reporting of transactions suspected of involving money laundering or terrorism financing;

to discharge or facilitate the discharge of any obligation binding on Singapore by virtue of a decision of the Security Council of the United Nations;

to prescribe the forms for the purposes of this Act;

to prescribe the fees to be paid in respect of any matter required for the purposes of this Act and the refund and remission, whether wholly or in part, of those fees; and

to prescribe all matters and things which by this Act are required or permitted to be prescribed or which are necessary or expedient to be prescribed to give effect to this Act.

relate to any moneylender, whether the moneylender is a licensee or is exempted from all or any of the provisions of this Act;

relate to all or any class or description of moneylenders, borrowers or loans; and

make different provisions for different classes or descriptions of moneylenders, borrowers or loans.

in respect of the rules referred to in subsection (2)(l) or (m), may provide for penalties not exceeding a fine of $100,000; and

in respect of any other rules, may provide —

in a case where the offender is an individual, for penalties not exceeding a fine of $20,000 or imprisonment for a term not exceeding 12 months or both for each offence; or

in any other case, for penalties not exceeding a fine of $50,000 for each offence.