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Offence
Moneylenders Regulations, reg. 24 · Revised Edition 2020
A person who–
(a) fails to comply with a disciplinary measure or enforcement action imposed by the Registrar under Part V of these Regulations; or
(b) otherwise contravenes these Regulations,
commits an offence and is liable on summary conviction to a fine not exceeding $250,000 or a term of imprisonment not exceeding 2 years or to both fine and term of imprisonment.
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