(1) A person, other than a licensee or an entity to which this Act does not apply under section 3, shall not—
(a) use any English or foreign words in the description or title under which the person carries on business within Saint Lucia, representing that the person is carrying on money services business;
(b) make any representation in any billhead, letter, letterhead, circular, paper, notice or advertisement or in any other manner that the person is carrying on money services business within Saint Lucia; or
(c) in any manner solicit or receive money from any person for the purpose of carrying on money services business within Saint Lucia.
(2) A person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both.