Criminal Penalties

(a)Whenever, by reason of an investigation under § 35110 of this Chapter or otherwise, the Board has reason to believe that any person or firm has knowingly engaged in acts or practices that constitute a violation of § COL4122017 CH. 35 ACCOUNTANCY 35113, or any other provision of this Chapter, or any rule adopted by the Board, the Board may bring its information to the attention of the Attorney General of Guam or any State (or other appropriate law enforcement officer) who may, in the officer’s discretion, cause appropriate criminal proceedings to be brought thereon.

(b)Any person or firm who knowingly violates any provision of § 35113 or other provision of this Chapter shall be guilty of a misdemeanor, and upon conviction thereof shall be subject to a fine of not more than Five Thousand Dollars ($5,000) for each violation or to imprisonment for not more than one

(1)year, or to both such fine and imprisonment.