Anti-Money Laundering and Countering Financing of Terrorism Act 2009

105 Penalties

(1)

A person who commits an offence under section 101 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.

(2)

A person who commits an offence under either of sections 102 and 103 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 3 months:

(ii)

a fine of up to $10,000; and

(b)

in the case of a body corporate or partnership, a fine of up to $50,000.

Section 105(1)(b): amended, on 8 September 2018, by section 9(1) of the Statutes Amendment Act 2018 (2018 No 27).

Section 105(2)(b): amended, on 8 September 2018, by section 9(2) of the Statutes Amendment Act 2018 (2018 No 27).