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Old 03-04-2019, 01:41 PM   #8491
unluckeyguy
Junior Member
 
Join Date: Apr 2019
Posts: 26
Moneylenders' Act (Revised Edition 2010)


Those found guilty of carrying on or assisting with the a business of unlicensed moneylending for the first time can be fined between $30,000 and $300,000, jailed up to four years and liable to up to six strokes of the cane.

First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment can be jailed up to five years, fined between $5,000 and $50,000, and can receive between three and six strokes of the cane.

Anyone found guilty of giving false contact information to obtain loans from loan sharks can be jailed for up to 12 months.

https://www.straitstimes.com/singapo...-by-cid-police
Thank for the new . I can prevent it from answer and let my parents know about their tactics.
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