Section 24

fails to conduct due diligence with respect to customers, accounts, and transactions as required by sections 5, 6, 7 and 13;

fails to comply with the obligations for special monitoring as required by sections 9 and 12; or

fails to maintain internal control programmes as required by sections 21

and 22, 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.

False or misleading statement.