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In forceAmended2020 Revised Edition

Part 4A · Control of Designated Entities, Designated Business Trusts and Designated Trusts

44J. Penalties under this Division

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Amended

Last amended by an amending law of 2020.

A person guilty of an offence under this Division 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.

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Part 5

Offences

Part 6

Transfer to Board of Property, Liabilities and Employees

Part 7

Miscellaneous

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