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Being charged for moneylending is a serious offence in Singapore. Being charged with this offence could mean that you may be sentenced with a fine or even a jail term, often the consequence of being charged will affect your life and your loved ones.  At Emerald Law our Criminal Defence Lawyers will do their best to help you. Speak to us today so that we can assist you and your loved ones from being affected.

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Criminal Offences Relating to Unlicensed Moneylending in Singapore

Since the enactment of the Moneylenders’ Act (Revised Edition 2010)(Cap. 188) in Singapore, the aim is to mete out harsher sentences for activities relating to unlicensed money lending.

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What is unlicensed Moneylending under the Moneylender’s Act?

The Act specifies that no person/business shall carry on a business of moneylending unless he/she is licensed. 

According to the Act, a moneylender is a person who, whether as principal or agent, carries on or holds himself out in any way as carrying on the business of moneylending.

What is the most common offence under the Moneylender’s Act?

By virtue of section 14(1) of the Act, any person who contravenes, or who assists in activities relating to unlicensed moneylending shall be guilty of an offence. 

What activities constitute as assisting an Unlicensed Moneylender?

Under the Act, if it is found that a person had opened a bank account and gave away the ATM card along with the PIN, to be used to facilitate moneylending by an unlicensed moneylender, the person is presumed to have assisted in unlicensed moneylending.

Similarly, if it is found that a person had assisted in making bank transfers (ATM and/or online) on behalf of these unlicensed money lenders, they would be presumed to have assisted in unlicensed moneylending.

What is the punishment for assisting an Unlicensed Moneylender under the Moneylenders Act?

First-time offenders found guilty of assisting in the business of unlicensed moneylending will be sentenced to an imprisonment term not exceeding 4 years, and to a fine of not less than $30,000 and not more $300,000. An offender found guilty shall also be liable to be punished with caning not more than 6 strokes.

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What about activities relating to harassment?

Likewise, the Act metes out harsh sentences to those who are found guilty of acting on behalf of unlicensed moneylenders to commit or attempting to commit acts of harassment. Activities such as being a runner, distributing pamphlets, acting as a lookout for the runners of loan sharks falls under this part of the act. Lending your vehicle or driving the perpetrators to various locations for them to conduct activities in relation to harassment.

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What is the punishment for harassment under the Moneylenders Act?

First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment shall be punished with an imprisonment term not exceeding 5 years, a fine of not less than $5,000 and not more than $50,000. The offender shall also be liable to caning of not less than 3 and not more than 6 strokes.

How can we help?

In the event that you have already been charged in Court, you may seek legal advice on the best option for you to take. We will also assist in writing letters of representation for you to the Attorney-General’s Chambers.

If you wish to plead guilty to the offence, we will assist in preparing your mitigation and submission on sentence.

Please do not hesitate to contact us and we will see to your case. 

In Singapore the offence of driving under the influence of alcohol OR drugs is a crime. 

With our wealth of experience in handling criminal defence matters, we can help you navigate through the criminal justice process in the smoothest manner and with a goal of preserving your interest as best as possible. 

 

Our Lawyers will do their best to mitigate any sentence that will be made against you thus allowing you to move forward in life with the least amount of effect from this sentence. 

If you are found guilty for driving under the influence of drugs or alcohol (or both), the sentence for a first time offender is typically a fine between S$1,000 to S$5,000.00 and/or a jail term of up to 6 months.

It is important to note that if the charges against you are more serious and if you are a 2nd time offender the fine and the jail term will be longer. You may also have your driving licence revoked. 

If your case is not handled professionally, you may be sentenced to jail. Once sentenced this will be on your record. However the real effect of such a sentence will be felt by your loved ones and your family. With such a record it may also affect your employment in Singapore.

Under the road traffic act in Singapore, the police can require you to take a breathalyser test, however in our experience we've found that there may be complications in obtaining the result that could assist you in your case. It is best to contact us so that we may review your case and advise you. 

Why Choose us

we are specialised

Each and every lawyer assigned to your case is someone who has handled many similar cases before. They each bring a specialised element to your matter ensuring that your case is handled with the utmost care.

we provide solutions

We ensure that the advise and solution provided to you resolves your matter in the most efficient manner. We are not here to simply talk, we're here to provide REAL solutions.

we are committed

We provide service with such dedication that we can even arrange to meet you outside of our normal office hours.

Speak to a lawyer now

CONTACT US TODAY

Our specialised lawyers and their team are standing by to assist you. Our first consultation is free.

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