(1)  A financial organisation must not knowingly –

(a) fail to comply with a monitoring order or suspension order; or

(b) provide false or misleading information in purported compliance with the order.

Penalty:  Fine not exceeding 5 000 penalty units.

(2)  Subsection (1)(b) does not apply to an organisation if, at the time the information is provided or as soon as practicable after becoming aware that some or all of the information provided is false or misleading, the organisation –

(a) informs the DPP that the information is false or misleading; and

(b) indicates the respects in which it is false or misleading; and

(c) gives the DPP any correct or relevant information that is in the organisation's possession or control; and

(d) provides the DPP with any information the organisation has concerning who had access to the information that is false or misleading.