Moneylenders Act 2008 s 25

s 25 Freezing proceeds of unlicensed moneylending

25.—(1) A person must not deal with any specified property, or any funds in any specified account, unless the person does so under the authority of a licence granted under section 28. (2) A person who, without reasonable excuse, contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction —(a) in the case where the person is a body corporate, to a fine not exceeding $200,000; or (b) in any other case, to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both. (3) This section is subject to section 24(2).[15E

Read this section in the full act → · Open PART 2A →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next

Moneylenders Act 2008, full textChapter navigation and full text, so you can read this section in contextSingapore legislation Singapore Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year PART 2A — FREEZING OF PROCEEDS OF UNLICENSED MONEYLENDING — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections