Part 1Mutual assistance in criminal matters

Chapter 4Information about banking transactions

Requests for information about banking transactions in Scotland for use abroad

I139Offences

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.