Section 62, Terrorism Act, 2012

(1) A person who intentionally or negligently– (a) sets up a shell bank in Sierra Leone; or maintain or provide access to records. fulfill due diligence obligations or maintain internal controls. Failure regarding transaction or other reporting. comply with the regulations of supervisory authority or Unit. False or misleading statement. Violation of confidentiality. Shell bank 60 61 (b) enters into or continues business relations with a shell bank or a respondent financial institution in a foreign country that permits its accounts to be used by a shell bank, Le20,000,000.00 or to a term of imprisonment not less than five years or to both the fine and imprisonment.