49Offences relating to monitoring orders and freezing notices

#### 49 Offences relating to monitoring orders and freezing notices 49 Offences relating to monitoring orders and freezing notices > > (1) A financial institution given notice of a monitoring order is guilty of an offence if the institution knowingly— > > > > > (a) contravenes the order, or > > > > > (b) provides false or misleading information in purported compliance with the order. > > > (2) A financial institution that is given a freezing notice under section 48A is guilty of an offence if the institution knowingly contravenes the notice. > > > (3) In this section— > > > > financial institution includes an officer, employee or agent of the institution acting in the course of the person’s employment or agency. > > Maximum penalty—1,000 penalty units. > > **s 49:** Subst 2022 No 55, Sch 3\[26\].