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What are the penalties if a regulated dealer do not renew registration in time before it expires?
mlaw
Source: https://www.mlaw.gov.sgIt is an offence to act as or hold out to be a regulated dealer without being registered.
A person convicted of this offence is liable to a fine not exceeding $75,000 or to imprisonment for a term not exceeding 3 years or to both. In the case of a continuing offence, that person will be liable to a further fine not exceeding $7,500 for every day or part of a day during which the offence continues after conviction.
This information provided here is sourced from the MLAW website.
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