Liew Yoon Kwai, a director of Car City Leasing Pte Ltd, is the first to be convicted under new rules which were established in 2008, the English daily said.
In August, Liew, 53, pleaded guilty to furnishing false information to the Registrar of Moneylenders in the quarterly statements he submitted.
His other offences included granting loans to borrowers who did not meet the minimum income requirements and failing to provide clients with completed application forms.
Three other licensed moneylenders have also been taken to court for similar breaches, and their cases will be mentioned later this week and early next week.
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