Revised Laws of Saint Lucia (2021)

96.   Prohibition against providing false, misleading statements

  1.  

    (1)   Where a licensed financial institution or an affiliate fails —

    1.  

      (a)     to submit returns or to produce information and data required by the Central Bank in accordance with section 89;

    1.  

      (b)     to provide further information and data to the Central Bank under section 90;

    1.  

      ©     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.

  1.  

    (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.