Types of disciplinary measures etc

(1) If the Registrar is entitled to take a disciplinary measure or enforcement action against a moneylender under section 30F or 30G of the Act, the Registrar may exercise such of the following powers as it considers appropriate– (a) issue a written notice under section 30D of the Act; (b) give a direction under section 30E; (c) impose a late payment penalty under regulation 21; (d) impose an administrative penalty in an amount not exceeding $500,000 as determined in accordance with regulation 22; or (e) revoke the licence under section 10 of the Act. (2) The disciplinary measures or enforcement action under subregulation (1) are without prejudice to the sanctions the Registrar may impose as a supervisory authority for a breach of an AML/CFT obligation by a moneylender under section 22 of the Money Laundering and Terrorism (Prevention) Act. CAP. 104.