Section 22: Restrictions on funding from foreigners
22.Restrictions on funding from foreigners
(1)An agent of a foreigner shall not directly or indirectly obtain or receive any financial support, donation, loan or other assistance from a foreigner, whether in cash or in kind, in excess of twenty thousand currency points, within a period of twelve months without declaring the funds to the Minister.
(2)An agent of a foreigner who obtains or receives directly or indirectly funds, financial support, donations, loans or other assistance from a foreigner without declaring the funds in accordance with subsection (1) commits an offence, and is liable, on conviction—
(a) in the case of a legal entity, to fine not exceeding one hundred thousand currency points; and
(b) in the case of an individual, to a fine not exceeding fifty thousand currency points or imprisonment for a term not exceeding ten years, or both
(3)Without prejudice to any other penalty imposed by the court under this Act, any money or other assistance obtained by an agent of a foreigner contrary to this section shall be forfeited to the State by order of the court which convicts the agent of a foreigner for contravention of this section.
(4)The Minister may, by regulations, prescribe the procedure and requirements for declaring the funds referred to in this section.
Plain English Summary
Agents of foreigners cannot receive financial support, donations, loans, or other assistance from a foreigner exceeding 20,000 currency points (400 mi...
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