Freezing proceeds of unlicensed moneylending
15E.—(1)  A person shall not deal with any specified property, or any funds in any specified account, unless he does so under the authority of a licence granted under section 15H.
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(2)  A person who, without reasonable excuse, contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction —
(a)in the case where the person is a body corporate, to a fine not exceeding $200,000; or
(b)in any other case, to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both.
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(3)  This section is subject to section 15D(2).
[5/2010]