(1) Where a licensed financial institution or an affiliate fails —
(a) to submit returns or to produce information and data required by the Central Bank in accordance with section 89;
(b) to provide further information and data to the Central Bank under section 90;
© to provide the information and data requested under sections 89 and 90 to the Central Bank in accordance with the extension granted under section 91,
it is liable to a penalty of $25,000 for each failure.
(2) Where a licensed financial institution supplies any statement, return, information or data knowing it to be false or misleading in any material particular it is liable to a penalty of $25,000.