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Law library · Sierra Leone · The Payment Systems Act, 2009

Section 41, The Payment Systems Act, 2009

Status not yet checkedThe Payment Systems Act, 2009, Sierra Leone

(1) Any officer or employee of the Central Bank or officer,employee or member of a management body, who for personal gain makes use of any information acquired– (a) in the performance of his functions under this Act; Or (b) under the constitution or rules of any system, which relates to the affairs of a particular participant in a system commits an offence and shall be liable on conviction to a fine not exceeding Le25,000,000 or an amount twice the value of his gain, whichever is the greater or to a term of imprisonment not exceeding two years or to both the fine and imprisonment. (2) In any proceedings for an offence under subsection (1), it shall be a defence for the person charged to prove that the information used was generally known to the members of the public or to a substantial section of the public.

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