Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
- (c) a person assisting the Commissioner in the performance of a function under this Ordinance.
50. Amendment of Schedule 3
The Commissioner may, by notice published in the Gazette, amend Schedule 3.
51. Regulations
The Commissioner of Customs and Excise may make regulations for the better carrying out of the provisions and purposes of this Part.
52. Offence to provide false information in connection with application for licence etc.
(1) A person commits an offence if the person, in connection with an application for the grant or renewal of a licence—
- (a) makes a statement that is false or misleading in a material particular; and
- (b) knows that, or is reckless as to whether, the statement is false or misleading in a material particular.
(2) A person commits an offence if the person, in connection with an application for the grant or renewal of a licence—
- (a) omits a material particular from a statement with the result that the statement is rendered false or misleading; and
- (b) knows that, or is reckless as to whether, the material particular is omitted from the statement.
(3) A person who commits an offence under subsection (1) or (2) is liable on conviction to a fine at level 5 and to imprisonment for 6 months.
