Section 6
of Money-Changing and Remittance Businesses Act
ActIn forceProvision 6 of 21
Section 6
(1)
No person shall carryon any remittance business unless he is in possession of a valid remittance licence.
(2)
A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding one year or to both.