S.L. 16.18 Art. 13Misleading, false or deceptive information.

(a) Any administrator of a foundation who knowingly or recklessly makes a statement, declaration or otherwise provides to the Registrar for Legal Persons information on the beneficial ownership of a foundation, that is misleading, false or deceptive in a material particular; and

(b) any beneficial owner of a foundation who knowingly or recklessly makes a statement, declaration or otherwise provides to the administrators of a foundation information on the beneficial ownership of a foundation, that is misleading, false or deceptive in a material particular, shall be guilty of an offence and shall be liable on conviction to a fine (multa) of not more than five thousand euro (€5,000) or to imprisonment for a term not exceeding six (6) months or to both such fine and imprisonment.