Criminal Provisions

(1) A term of imprisonment not exceeding five years, or a fine, is imposed on any person who 1. accepts deposits or other repayable funds contrary to section 3(1), 2. fails to exchange, or fails to exchange in time, funds named there into e-money contrary to section 3(2), first sentence, 3. grants credit contrary to section 3(4), first sentence, 4. provides payment services without a licence under section 10(1), first sentence or without registration under section 34(1), first sentence, 5. carries on the e-money business without a licence under section 11(1), first sentence, or 6. holds funds named there contrary to section 49(1), second sentence.
(2) A term of imprisonment not exceeding three years, or a fine, is imposed on any person who 1. fails to make a notification, or fails to make it correctly or in time, contrary to section 21(4), first sentence, first half-sentence, or 2. issues e-money contrary to section 31.
(3) Where the offender acts negligently, the penalty is, in the cases under subsection (1), a term of imprisonment not exceeding three years or a fine, and, in the cases under subsection (2), a term of imprisonment not exceeding one year or a fine.