Cap. 645 Art. 30Offences.

(1) Any person who:

(a) contravenes or fails to comply with any of the provisions of articles 6(1) or (2), 21(1), 22(1), 22(5) or 31(1), or of article 22(1) or 22(5) as applied in terms of article 23; or

(b) contravenes or fails to comply with any condition, obligation, requirement, directive or order made or given in accordance with any of the provisions of this Act or in any regulations made thereunder, or Credit Servicing Rules or Conduct of Business Rules issued thereunder; or

(c) for the purposes of, or in accordance with, any of the provisions of this Act or any regulations made thereunder, or Credit Servicing Rules or Conduct of Business Rules issued thereunder, or any condition, obligation, requirement, directive or order made or given as aforesaid, furnishes information or makes a declaration which he knows to be inaccurate, false or misleading in any material respect, or recklessly furnishes information or makes a declaration which is inaccurate, false or misleading in any material respect; or

(d) with intent to avoid detection of the commission of an offence in accordance with this Act, removes, destroys, conceals or fraudulently alters any book, document or other paper; or

(e) intentionally obstructs a person exercising rights or powers conferred by this Act or any regulations made thereunder, or Credit Servicing Rules or Conduct of Business Rules issued thereunder, shall, on conviction, be liable to the punishment of imprisonment for a term not exceeding one (1) year, or to a fine (multa) not exceeding one hundred and fifty thousand euro (€150,000), or to both such fine and imprisonment, unless such fine or term of imprisonment is otherwise imposed in regulations made under the Act.

(2) The provisions of this Act or in any regulations made thereunder, or Credit Servicing Rules or Conduct of Business Rules issued thereunder, shall be without prejudice to any criminal proceedings that may be competent under any other law.