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Part 7 U.K.Money Laundering

Modifications etc. (not altering text)

OffencesU.K.

334 PenaltiesU.K.

(1)A person guilty of an offence under section 327, 328 or 329 is liable—

(a)on summary conviction, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum or to both, or

(b)on conviction on indictment, to imprisonment for a term not exceeding 14 years or to a fine or to both.

(2)A person guilty of an offence under section 330, 331, 332 or 333 is liable—

(a)on summary conviction, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum or to both, or

(b)on conviction on indictment, to imprisonment for a term not exceeding five years or to a fine or to both.

Commencement Information

I1S. 334 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)