Moneylenders Act 2008 · 2020 Revised Edition · Part 2A · Freezing of Proceeds of Unlicensed Moneylending
27. Circumvention of section 25
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enters into; or
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 —
property
“property” means property of every kind, whether tangible or intangible, movable or immovable, and whether situated within or outside Singapore, and includes funds.[15A
in the case where the person is a body corporate, to a fine not exceeding $300,000; or
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