Unlicensed Moneylending – LOAN SHARKS
Unauthorized moneylending in Singapore has come under the radar but the solutions may be social more than financial in nature, says SMU Associate Professor of Law Christopher Chen. SINGAPORE: While businesses across Singapore have been impacted by COVID-19, there is one sector that is thriving: Unlicensed moneylending. Nearly 300 were arrested by the police for loan shark …