Article 25 OffencesI1
England, Wales and Northern Ireland
A financial institution commits an offence if without reasonable excuse it fails to comply with a requirement imposed on it under a customer information order.
A financial institution guilty of an offence under paragraph (1) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.
A financial institution commits an offence if, in purported compliance with a customer information order, it—
makes a statement which it knows to be false or misleading in a material particular, or
recklessly makes a statement which is false or misleading in a material particular.
A financial institution guilty of an offence under paragraph (3) is liable—
on summary conviction, to a fine not exceeding the statutory maximum, or
on conviction on indictment, to a fine.