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Money-Changing and Remittance Businesses Act · s 5

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s 5

(1)

No person shall carry on any money-changing business unless he is in possession of a valid money-changer's 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.