Offences

(1) A person who instructs, or purports to instruct, or attempts to instruct, the Custody Bank to transfer moneys from the Permanent Restricted Account other than in accordance with the provisions of this Act commits an offence and is liable on conviction on indictment to a minimum fine of $100,000 but which may extend to a maximum of $500,000, or to 46 Management Fund imprisonment for a minimum period of 3 years but which may extend to 5 years, or to both fine and period of imprisonment. (2) A person who uses, or purports to use, or attempts to use, moneys in the Flexible Transfer Account, or who instructs, or purports to instruct, or attempts to instruct, the Central Bank to transfer moneys from the Flexible Transfer Account, other than in accordance with the provisions of this Act commits an offence and is liable on conviction on indictment to a minimum fine of $100,000 but which may extend to a maximum of $500,000, or to imprisonment for a minimum period of 3 years but which may extend to 5 years, or to both fine and period of imprisonment. (3) Every person who, (a) wilfully hinders or deters any person from the proper exercise of his functions or the performance of his obligations under or in respect of this Act; (b) makes, or offers to make, any inducement to any such person to secure an advantage for himself or another, or to influence any such person; or (c) threatens, or otherwise seeks unlawfully to influence, any such person, commits an offence and is liable on conviction to a minimum fine of $100,000 but which may extend to a maximum of $500,000, or to imprisonment for a minimum period of 3 years but which may extend to 5 years, or to both fine and period of imprisonment. (4) Nothing in this Act, including in any regulations made under it providing for the commission of an offence, shall Management Fund 47 prevent the prosecution of any person for an offence under any other law. (5) No civil remedy for an act or omission shall be suspended or affected by reason only that the act or omission is an offence under this Act and nothing in this Act shall be construed so as to repeal, remove or reduce any remedy available to any person under any other law.