Moneylenders Act 2008 · 2020 Revised Edition · Part 2A · Freezing of Proceeds of Unlicensed Moneylending
21. Interpretation of this Part
Feedback & supportIn this Part, unless the context otherwise requires —“account” means any deposit or current account opened with a bank;“deal with” means —
bank
“bank” means —(a)a bank licensed under the Banking Act 1970; or(b)a merchant bank licensed under the Banking Act 1970,and includes a finance company licensed under the Finance Companies Act 1967;
in respect of property comprising funds —
use, alter, move, allow access to or transfer; or
deal with in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination; and
in respect of any other property, use to obtain funds in any way, including (but not limited to) by selling, hiring or mortgaging the property;“funds” includes cheques, bank deposits and other financial resources;“property” means property of every kind, whether tangible or intangible, movable or immovable, and whether situated within or outside Singapore, and includes funds.[15A
“account” means any deposit or current account opened with a bank;
“deal with” means —
in respect of property comprising funds —
use, alter, move, allow access to or transfer; or
deal with in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination; and
in respect of any other property, use to obtain funds in any way, including (but not limited to) by selling, hiring or mortgaging the property;
“funds” includes cheques, bank deposits and other financial resources;
“property” means property of every kind, whether tangible or intangible, movable or immovable, and whether situated within or outside Singapore, and includes funds.[15A