False information in money laundering inquiries triggers criminal liability and separate penalties for noncompliance with summonses.

Wilful and malicious provision of false information causing an arrest or search under the Prevention of Money Laundering Act is punishable by imprisonment and/or fine. Persons bound to answer questions, sign required statements, or comply with summonses to give evidence or produce documents who refuse or omit to comply incur a monetary penalty for each default, and must be given an opportunity to be heard before such penalty is imposed. Intentional disobedience of directions to attend or produce documents may also attract separate criminal proceedings under the general penal law.

---

---

---