Section 33: Liability for failure to file STR and for providing false information

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33. Liability for failure to file [STR] and for providing false information.—(1) Whoever willfully fails to comply with the [STR] requirement as provided in section 7 or gives false information shall be liable for imprisonment for a term which may extend to [five] years or with fine which may extend to [five] hundred thousand rupees or both. (2) In the case of the conviction of a reporting entity, the concerned [AML/CFT regulatory authority] may also revoke its license or registration or take such other administrative action as it may deem appropriate.

Effective date: 2010-03-27

Amendment history

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Related sections

Section 32: Punishment for vexatious survey and search Section 34: Disclosure of information Section 31: Procedure in respect of letter of request Section 35: Bar of jurisdiction Section 30: Attachment, seizure and forfeiture etc., of property in a contracting State or Pakistan Section 36: Notices, etc., not to be invalid on certain grounds

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