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The Police have arrested a 47-year-old man and a 37-year-old woman for their suspected involvement in unlicensed moneylending activities.

On 8 June 2025, the Police were alerted to a case of dispute involving two persons and a debtor over the repayment of a loan at 2 Seah Im Road.Upon the Police’s arrival, officers established that between February 2024 and May 2025, the man had conducted an unlicensed moneylending business by providing loans amounting to approximately $19,300 to at least 13 borrowers in Singapore. The individual loan amounts ranged from $500 to $3,000. The woman is believed to have assisted him by soliciting borrowers for the loans.

Both the man and the woman will be charged in court on 19 June 2026. The man will be charged with 18 counts of conducting a moneylending business without a licence under Section 5(1) of the Moneylenders Act 2008. The woman will be charged with 8 counts of assisting in an unlicensed moneylending business under Section 19(1)(b)(i) of the Moneylenders Act 2008.

Under the Moneylenders Act 2008, first-time offenders found to have contravened Section 5(1) shall be punished with an imprisonment term of up to four years, a fine of not less than $30,000 and not more than $300,000, and caning of not more than six strokes. Second and subsequent offenders shall be punished with an imprisonment term of up to seven years, a fine of not less than $30,000 and not more than $300,000, and caning of not more than 12 strokes. 

The Police will continue to take tough enforcement actions against those involved in unlicensed moneylending activities. Perpetrators will be dealt with sternly in accordance with the law.

Members of the public are advised to stay away from unlicensed moneylenders and not work with or assist them in any way. Members of the public can call the Police at ‘999’, the Police hotline at 1800-255-0000 or submit information online at www.police.gov.sg/i-witness if they suspect or know of anyone who could be involved in unlicensed moneylending activities, scams or any illicit activities. All information provided will be kept confidential.