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NO. 9 OF 2018
- (a) makes any statement or furnishes any particulars, information or document which the person knows to be false or does not believe to be true; or
- (b) furnishes any information which the person knows or has reason to believe is misleading in a material particular,
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 12 months or to both.
(8) In deciding for the purposes of this section whether an individual or a business entity is a fit and proper person to hold or continue to hold a licence, the licensing officer may take into account any matter the licensing officer considers relevant, including any of the following:
- (a) in the case of an individual—
- (i) that the individual has been convicted in Singapore or elsewhere of any offence involving fraud, dishonesty or moral turpitude;
- (ii) that the individual has had a judgment entered against the individual in civil proceedings that involves a finding of fraud, dishonesty or breach of fiduciary duty on the part of the individual;
- (iii) that the individual is or was suffering from a mental disorder;
- (iv) that the individual is an undischarged bankrupt or has entered into a composition with the creditors of the individual; or
- (v) that the individual has had a licence revoked by the licensing officer previously;
- (b) in the case of a business entity—
- (i) that the business entity has been convicted in Singapore or elsewhere of any offence involving fraud, dishonesty or moral turpitude;
