Crime (International Co-operation) Act 2003 (c. 32)

Part 1 U.K. Mutual assistance in criminal matters

Yn ddilys o 11/06/2006

Chapter 4 U.K. Information about banking transactions

Yn ddilys o 01/11/2006

Requests for information about banking transactions in England and Wales and Northern Ireland for use abroad E+W+N.I.

34 Offences E+W+N.I.

(1) A financial institution is guilty of an offence if without reasonable excuse it fails to comply with a requirement imposed on it under a customer information order.

(2) A financial institution guilty of an offence under subsection (1) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.

(3) A financial institution is guilty of an offence if, in purported compliance with a customer information order, it—

(a) makes a statement which it knows to be false or misleading in a material particular, or

(b) recklessly makes a statement which is false or misleading in a material particular.

(4) A financial institution guilty of an offence under subsection (3) is liable—

(a) on summary conviction, to a fine not exceeding the statutory maximum, or

(b) on conviction on indictment, to a fine.