New South Wales Consolidated Acts

CRIMINAL ASSETS RECOVERY ACT 1990 - SECT 49

49 Offences relating to monitoring orders and freezing notices

(1) A financial institution given notice of a monitoring order is guilty of an offence if the institution knowingly--

(a) contravenes the order, or

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

(2) A financial institution that is given a freezing notice under section 48A is guilty of an offence if the institution knowingly contravenes the notice.

(3) In this section--

"financial institution" includes an officer, employee or agent of the institution acting in the course of the person's employment or agency.

: Maximum penalty--1,000 penalty units.