Section 16. Penalties. -
A person found guilty of the prohibited acts under Section 4(a) shall be penalized with imprisonment of not less than six (6) years but not more than eight (8) years, or a fine of at least One hundred thousand pesos (P100,000.00) but not exceeding Five hundred thousand pesos (P500,000.00), or both, at the discretion of the court. In addition, if the prohibited act falls under Section 4(a), items (1) to (4), the court shall also order the closure of the Financial Account involved in the transaction and forfeiture in accordance with Article 45 of the Revised Penal Code, without prejudice to Section 17 of this Act.
A person found guilty of any of the prohibited acts enumerated under Section 42. shall be penalized with imprisonment of not less than ten (10) years but not more than twelve (12) years, or a fine of at least Five hundred thousand pesos (P500,000.00) but not exceeding One million pesos (P1,000,000.00), or both, at the discretion of the court: Provided, That the penalty of not less than twelve (12) years but not more than fourteen (14) years of imprisonment, or a fine of at least One million pesos (P1,000,000.00) but not more exceeding Two million pesos (P2,000,000.00), or both, at the discretion of the court, shall be imposed if the target or victim of the acts enumerated in Section 42. is a senior citizen at the time the offense was committed.
A person found guilty of any of the prohibited acts involving economic sabotage enumerated under Section 43. shall be penalized with life imprisonment, or a fine of not less than One million pesos (P1,000,000.00) but not exceeding Five million pesos (P5,000,000.00), or both, at the discretion of the court.
A person found guilty of other offenses enumerated in Section 5 shall be penalized with imprisonment of not less four (4) years but not more than six (6) years, or a fine of at least One hundred thousand pesos (P100,000.00) but not exceeding Two hundred thousand pesos (P200,000.00), or both, at the discretion of the court. In addition, if the prohibited act falls under Section 5(c) or (d), the court shall also order the closure of the Financial Account.
A person found guilty of reporting or filing completely unwarranted or false information that resulted in the temporary holding of funds under Section 11 shall be penalized with imprisonment of not less than one (1) year but not more than five (5) years, or a fine of not less than Fifty thousand pesos (P50,000.00) but not exceeding Two hundred thousand pesos (P200,000.00), or both, at the discretion of the court.
A person found guilty of knowingly or willfully obstructing, impending, frustrating, or delaying the inquiry and investigation of the BSP as provided under Section 12 shall be penalized with imprisonment of not less than one (1) year but not more than five (5) years, or a fine of not less than Fifty thousand pesos (P50,000.00) but not exceeding Two hundred thousand pesos (P200,000.00), or both, at the discretion of the court.
An official, employee, or agent of an Institution, the govenrment, or any person who obtained information on the Financial Account subject of BSP's inquiry or investigation who shall commit the prohibited act under Section 15 shall be penalized with imprisonment of not less than one (1) year but not more than five (5) years, or a fine of not less than Fifty thousand pesos (P50,000.00) but not exceeding Two hundred thousand pesos (P200,000.00), or both, at the discretion of the court.
When an offender is a juridical person, the fine to be imposed shall be double the amount of the corresponding penalty but shall not exceed Ten million pesos (P10,000,000.00). The liability imposed on the juridical person shall be without prejudice to the criminal liability of the responsible officer who committed the prohibited acts or other offenses under this Act.
A government official or employee who shall be found guilty of the acts or offenses under Sections 4 and 5 shall, in addition to the penalties prescribed under this section, suffer perpetual absolute disqualification from holding any appointive or elective position in the government, or in any agency, entity, or instrumentality thereof.