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In force2020 Revised Edition

Part 2A · Freezing of Proceeds of Unlicensed Moneylending

27. Circumvention of section 25

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Where a person —

(a)

enters into; or

(b)

knowingly does any act in furtherance of,any arrangement which facilitates, or is likely to facilitate, whether by means of any concealment or disguise or otherwise, the dealing with property in contravention of section 25(1), the person shall be guilty of an offence and shall be liable on conviction —

(c)

in the case where the person is a body corporate, to a fine not exceeding $300,000; or

(d)

in any other case, to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 3 years or to both.[15G

Report

Part 3

Regulation of Business of Moneylending, Enforcement and Proceedings

Part 3A

Collection, Use and Disclosure of Borrower Information and Data

Part 4

Miscellaneous