← belizelaw.ai · Money Laundering And Terrorism (Prevention) (Designated Non-Financial Businesses And Professions) Regulations, Cap. 104s02 · PART III — Administrative Penalties

Date DNFBP considered to commit disciplinary violation

Money Laundering And Terrorism (Prevention) (Designated Non-Financial Businesses And Professions) Regulations, reg. 17 · Revised Edition 2020

(1) If a DNFBP pays an administrative penalty imposed on him under regulation 15 or 16 on or before the last date for payment of the penalty, the DNFBP is considered to have committed the disciplinary violation and the action is over. (2) A DNFBP who neither pays an administrative penalty imposed on him under regulation 15 or 16 nor appeals the imposition of the administrative penalty, on or before the last date for payment of the penalty, is considered to have committed the disciplinary violation and is liable for the administrative penalty.
Have a question about this section? Ask belizelaw.ai →
Date DNFBP considered to commit disciplinary violation — Cap. 104s02 s. 17 · Belize Law