RFBT - PENALTIES Flashcards Preview

REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS > RFBT - PENALTIES > Flashcards

Flashcards in RFBT - PENALTIES Deck (23)
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1
Q

What is the penalty imposed for violation of Bank Secrecy Law?

A

Imprisonment of NOT MORE THAN 5 YEARS OR A FINE OF NOT MORE THAN PHP 20,000 OR BOTH at the discretion of the court.

2
Q

What is the penalty imposed for violation of RA 6426 Foreign Currency Deposit Act of the Philippines??

A

Imprisonment of not less than 1 year nor more than 5 years or fine not less than 5,000 but not more than 25,000 or both imprisonment and fine.

Sanctions may also be imposed on banks or any bank director/officer:

a. Revocation of authority of bank to accept new foreign currency deposits
b. administrative sanctions under the New Central Bank Act

3
Q

What is the penalty for violation of BP 22?

A
  • Imprisonment of 30 days to 1 year OR
  • Fine of not less than the amount on check but not more than double the amount on check, which shall not exceed PHP 200,000 OR
  • both, at court’s discretion
4
Q

What is the fine for violation of the Code of Corporate Governance?

A

Fine of NOT MORE THAN PHP 200,000 FOR EVERY YEAR THAT A COVERED CORPORATION VIOLATES THE PROVISION OF THE CODE.

5
Q

What is the penalty for criminal repetition of patent infringement? What is the prescription period for this crime?

A
  1. Not less than 6 months but not more than 3 years
    AND/OR
  2. Fine of not less than 100,000 but not more than 300,000 at the discretion of courts.

The prescriptive period for this crime is 3 YEARS.

6
Q

What is the penalty of Hacking or Crackling?

A

Fine of PHP 100,000 to Maximum amount commensurate to the damages done PLUS imprisonment of 6 months to 3 years.

7
Q

What is the penalty for Piracy?

A

Fine of PHP 100,000 to Maximum amount commensurate to the damages done PLUS imprisonment of 6 months to 3 years.

8
Q

What is the penalty for other violations in Electronic Commerce Act?

A

Maximum penalty of PHP 1,000,000 or 6 years imprisonment.

9
Q

What is the penalty for unauthorized processing of PERSONAL INFORMATION?

A

Imprisonment of 1-3 years and a fine of PHP 500,000 to PHP 2,000,000

10
Q

What is the penalty for unauthorized processing of SENSITIVE PERSONAL INFORMATION?

A

Imprisonment of 3-6 years and a fine of PHP 500,000 to PHP 4,000,000.

11
Q

What is the penalty for accessing personal information due to negligence?

A

Imprisonment of 1-3 years and a fine of PHP 500,000 to PHP 2,000,000

12
Q

What is the penalty for accessing sensitive personal information due to negligence?

A

Imprisonment of 3-6 years and a fine of PHP 500,000 to PHP 4,000,000.

13
Q

What is the penalty for Improper disposal of personal information?

A

Imprisonment of 6 months to 2 years and a fine of PHP 100,000 to PHP 500,000

14
Q

What is the penalty for Improper disposal of sensitive personal information?

A

Imprisonment of 1-3 years and a fine of PHP 100,000 to PHP 1,000,000

15
Q

What is the penalty for processing of personal information for unauthorized purposes?

A

Imprisonment of 1 year and 6 months to 5 years and a fine of PHP 500,000 to PHP 1,000,000

16
Q

What is the penalty for processing of sensitive personal information for unauthorized purposes?

A

Imprisonment of 2-7 years and a fine of PHP 500,000 to PHP 2,000,000

17
Q

What is the penalty for unauthorized access or intentional breach?

A

Imprisonment of 1-3 years and a fine of PHP 500,000 to PHP 2,000,000

18
Q

What is the penalty for Concealment of Security Breaches involving Sensitive Personal Information?

A

Imprisonment of 1 year and 6 months to 5 years and a fine of PHP 500,000 to PHP 1,000,000

19
Q

What is the penalty for Malicious Disclosure?

A

Imprisonment of 1 year and 6 months to 5 years and a fine of PHP 500,000 to PHP 1,000,000

20
Q

What is the penalty for Unauthorized Disclosure of personal information?

A

Imprisonment of 1-3 years and a fine of PHP 500,000 to PHP 1,000,000

21
Q

What is the penalty for Unauthorized Disclosure of sensitive personal information?

A

Imprisonment of 3-5 years and a fine of PHP 500,000 to PHP 2,000,000

22
Q

What is the penalty for a combination or series or acts?

A

Imprisonment of 3-6 years and a fine of PHP 1,000,000 to PHP 5,000,000

23
Q

When is the maximum penalty meted out for crimes provided in the DPA?

A

Maximum penalty shall be imposed when the personal information of AT LEAST 100 PERSONS IS HARMED.