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← Payment Services Act 2019

Payment Services Act 2019 s 88

s 88 Offences under this Part

88.—(1) A person that —(a) without reasonable excuse, refuses or fails to comply with an order under section 87(1)(b), (c) or (d); (b) in purported compliance with an order made under section 87(1)(b) or (c), provides to the Authority or transmits to a regulatory authority any material or copy of material known to the person to be false or misleading in a material particular; or (c) in purported compliance with an order made under section 87(1)(d), makes a statement to the Authority that is false or misleading in a material particular, shall be guilty of an offence. (2) A person that is guilty of an offence under subsection (1)(a) shall be liable on conviction —(a) in the case of an individual, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part of a day during which the offence continues after conviction; or (b) in any other case, to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction. (3) A person that is guilty of an offence under subsection (1)(b) or (c) shall be liable on conviction —(a) in the case of an individual, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both; or (b) in any other case, to a fine not exceeding $100,000.

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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.

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