← belizelaw.ai · Deposit Insurance, Cap. 251:01 · PART VI — Offences

Accepting deposits without Fund membership

Cap. 251:01, s. 38 · Revised Edition 2020

A domestic bank or credit union that accepts a deposit without being a Fund member or when membership in the Fund is suspended or terminated commits an offence and is liable on summary conviction to a fine of one hundred thousand dollars or to a term of imprisonment of four years, or to both such fine and term of imprisonment.
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