# The Montserrat Reporting of Savings Income Information Order 2005, Article 17: Offences


(1) A paying agent or receiving agent who fails to comply with a requirement imposed under or paragraph (1) or (2) of article 16 shall be guilty of an offence and liable upon summary conviction to a fine not exceeding $8,000.
(2) A paying agent or receiving agent who fails to take all reasonable steps—
(a) to establish the identity and residence of a relevant payee, or
(b) to verify the name, address and residence of a relevant payee as required by article 9,
shall be guilty of an offence and liable upon summary conviction to a fine not exceeding $3,000.

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Source: https://www.legislation.gov.uk/uksi/2005/1466/article/17 (the official version)
Page: https://openlegislation.uk/montserrat-reporting-of-savings-income-information-order-2005/article-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.