9. Penalties

Amended

Last amended by an amending law of 2022.

(1)

A person guilty of an offence under this Act (other than an offence under section 8(1) or (2)) shall be liable on conviction —

(a)

in the case of an individual, to imprisonment for life; or

(b)

in any other case, to a fine not exceeding $1 million.

(2)

A person guilty of an offence under section 8(1) shall be liable on conviction —

(a)

in the case of an individual, to a fine not exceeding $500,000 or to imprisonment for a term not exceeding 10 years or to both; or

(b)

in any other case, to a fine not exceeding $1 million.

(3)

A person guilty of an offence under section 8(2) shall be liable on conviction —

(a)

in the case of an individual, to a fine not exceeding $500,000 or to imprisonment for a term not exceeding 7 years or to both; or

(b)

in any other case, to a fine not exceeding $1 million.

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