Section 125

There shall be no obligation or duty on any bank with which any such moneys have been deposited to enquire into or see to the proper application of those moneys, provided that the bank acts in good faith.

Any person who contravenes subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $200,000, imprisonment for a term not exceeding 2 years or both and, in the case of a continuing offence, to a further fine for $20,000 every day or part thereof during which the offence continues after conviction.

1332

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