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Principles of Taxation > Chapter 10 - 6.4 - Penalties > Flashcards

Chapter 10 - 6.4 - Penalties Flashcards

1
Q

What can happen to anyone found guilty of money laundering/failure to report/tipping off?

A

They can receive unlimited fines

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2
Q

How many years in prison would an accountant get for being found guilty of money laundering?

A

Up to 14 years

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3
Q

How many years in prison would an accountant get for being found guilty of failing to report money laundering?

A

Up to 5 years

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4
Q

How many years in prison would an accountant get for being found guilty of tipping off a money launderer?

A

Up to 2 years

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Principles of Taxation (131 decks)

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