Penalty for moneylender implying the carrying on of banking business

If a moneylender, for the purposes of his business as such, issues or publishes, or causes to be issued or published, any advertisement, circular or document of any kind whatsoever containing expressions which might reasonably be held to imply that he carries on banking business or operates as, or has the status of, a bank or financial institution licensed under the Domestic Banks and Financial Institutions Act or the Offshore Banking Act, he commits an offence and is liable on summary conviction to a fine not exceeding one hundred thousand dollars or to imprisonment for a period not exceeding three years, or to both such fine and period of imprisonment, and in case of a continuing offence, to a fine of ten thousand dollars for each day during which the offence continues. CAP. 263. CAP. 263.