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Part 12A · Control of Designated Operating Entities and Designated Equity Interest Holders

86I. Penalties under this Part

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Amended

Last amended by an amending law of 2017.

A person guilty of an offence under this Part 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 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $50,000 for every day or part of a day during which the offence continues after conviction; or

(b)

in any other case, to a fine not exceeding $1 million and, in the case of a continuing offence, to a further fine not exceeding $100,000 for every day or part of a day during which the offence continues after conviction.

Report

Part 13

Control of Designated Licensees and Designated Operating Entities

Part 14

Liability of Authority

Part 15

Offences

Part 16

Miscellaneous Provisions

Schedules