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False or misleading information
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159. (1) Any relevant person who knowingly, or recklessly, provides the MARA with information which is false or misleading in a material particular in his or her capacity as a relevant person shall be guilty of an offence and shall be liable—
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(a) on summary conviction, to a class A fine or imprisonment for a term not exceeding 12 months or both, or
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(b) on conviction on indictment, to a fine not exceeding €50,000 or imprisonment for a term not exceeding five years or both.
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(2) In this section, “relevant person” means—
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(a) the case of a relevant application, the applicant, or
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(b) a holder.
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