Central Bank Act, 1997
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Offences and penalties. |
34.—A person who contravenes subsection (1) of section 29 or a person carrying on bureau de change business who fails by act or omission to comply with a requirement or condition imposed on that person under section 30 shall be guilty of an offence and shall be liable— | |
(a) on summary conviction, to a fine not exceeding £1,500 or, at the discretion of the court, to imprisonment for a term not exceeding 12 months, or to both, or | ||
(b) on conviction on indictment, to a fine not exceeding £50,000 or, at the discretion of the court, to imprisonment for a term not exceeding five years, or to both, | ||
and, if the contravention, breach or failure in respect of which such person was convicted is continued after conviction, that person shall be guilty of an offence on every day on which the contravention, breach or failure continues after conviction in respect of the original contravention, breach or failure and for each such offence that person shall be liable on summary conviction to a fine not exceeding £100 or on conviction on indictment to a fine not exceeding £5,000. |