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How to spot an unlicensed moneylender?
Despite Singapore’s stringent regulations to narrow down on unscrupulous moneylenders, these group of devious minds are still prowling around law enforcement to target the vulnerable. At this rate, the onus is on you to verify a moneylender. You can do so by checking the list of licensed moneylenders at https://rom.mlaw.gov.sg/information-for-borrowers/list-of-licensed-moneylenders-in-singapore/.
