Banking Control Law

1. A person who violates the provisions of Article 2(1), Article 5, Article 11(1)(a, b, and c), Article 12, and Article 18 of this Law shall be punished by imprisonment for a term not exceeding two years and a fine not exceeding five thousand riyals for each day the violation continues, or by either penalty. 2. A person who violates the provisions of Article 19 of this Law shall be punished by imprisonment for a term not exceeding two years and a fine not exceeding twenty thousand riyals, or by either penalty. 3. A person who violates the provisions of Articles 8, 9, and 10 of this Law shall be punished by imprisonment for a term not exceeding six months and a fine not exceeding ten thousand riyals, or by either penalty. 4. A person who violates the provisions of Articles 7, 14, and 15 of this Law shall be punished by a fine not exceeding five hundred riyals for each day the violation continues. 5. A person who violates any of the other provisions of this Law or the rules and resolutions issued for its implementation shall be punished by a fine not exceeding five thousand riyals. 6. In applying paragraphs (2, 3, and 5) of this Article, the acts committed by a violator which share a single purpose and are interrelated in terms of intent and timing shall be deemed a single offense and shall be punished by a single penalty. In applying the provisions of this Article, the harshest penalty shall be imposed if the committed act is punishable by more than one penalty.