Section 4Part 0 —
Licence required to carry on money services business
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Subject to section 3(2), any person who carries on money services business without first obtaining a licence under section 5, commits an offence.
A person who commits an offence under subsection (1) is liable on summary conviction to a fine of ten thousand dollars and to imprisonment for one year and, in the case of a continuing offence, to a fine of one thousand dollars for each day during which the offence continues.