Penalty for breaching prohibition on unregulated deposit schemes imposes imprisonment or substantial fines under the Act. Contravention of the prohibition in section 4 of the Act attracts a dual penal regime: criminal incarceration and mandatory monetary sanction. A deposit taker who breaches section 4 faces imprisonment for a term that may extend up to seven years and/or a fine whose minimum and maximum bounds are specified, with the upper measure linked to the greater of a prescribed cap or the multiples of fraudulent-default profits.