According to the Singapore Police Force, a 38-year-old woman, under the Payment Service Act 2019, will be charged for providing payment service without a license.
In May 2020, the 38-year-old allegedly provide the services by receiving dubious funds on 13 different times amounting to more than $4,000 in her account. Which raises the suspicions of the police. She was promised by the company that she would be receiving commissions for doing the transactions.
Apparently, the woman does not have the license to perform this type of transaction.
According to the Police “Under Section 5 of the Payment Services Act 2019, it is an offence for anyone to carry on a business of providing any type of payment service in Singapore without a license unless he is exempted under the Act. For individuals, the offence is punishable with a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both.“