Anti-Money Laundering and Countering Financing of Terrorism Act 2009

100 Penalties

A reporting entity or person who commits an offence under any of sections 91 to 97 is liable, on conviction, to,—

(a)

in the case of an individual, either or both of the following:

(i)

a term of imprisonment of not more than 2 years:

(ii)

a fine of up to $300,000; and

(b)

in the case of a body corporate or partnership, a fine of up to $5 million.

Section 100(b): amended, on 8 September 2018, by section 8 of the Statutes Amendment Act 2018 (2018 No 27).