Section 23

fails to maintain books and records as required by section 14;

destroys or removes such records; or

fails to make such information available in a timely manner in response to a lawful request for such books or records,

Incorporating amendments until S 22/2017

(Cleancopy) NHN/Amiriah/Bb/Karimah as of 26.12.2019

*Note: amendment on page 7,75,81,123 on 11.01.2020

37

BLUV as at 11th March 2017

is guilty of an offence and liable on conviction to a fine not exceeding $1,000,000, imprisonment for a term not exceeding one year or both, and, in the case of a continuing offence, to a further fine of $100,000 for every day during which the offence continues after conviction.

Failure to fulfill due diligence obligations or maintain internal controls.