4. General principles
Feedback & supportLast amended by an amending law of 2024.
A moneylender shall exercise due diligence in accordance with these Rules when dealing with any borrower, or any agent or beneficial owner of a borrower.
A moneylender shall conduct his business in such a manner as to guard against the grant of any loan that is, may be connected with or facilitates money laundering, terrorism financing or proliferation financing.
A moneylender shall assist and cooperate with the relevant law enforcement authorities in detecting and preventing —
money laundering;
terrorism financing; and
proliferation financing.
Subregulation 1
A moneylender shall exercise due diligence in accordance with these Rules when dealing with any borrower, or any agent or beneficial owner of a borrower.
Subregulation 2
A moneylender shall conduct his business in such a manner as to guard against the grant of any loan that is, may be connected with or facilitates money laundering, terrorism financing or proliferation financing.
Subregulation 3
A moneylender shall assist and cooperate with the relevant law enforcement authorities in detecting and preventing —
money laundering;
terrorism financing; and
proliferation financing.