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Primary Text
Penalties. Except for specific violations and prosecution under other laws which already provide specific penalties, violations of the provisions of this Act shall be punishable by:
(a) First offense: imprisonment of not less than six (6) years or more than eight (8) years and a fine of not less than Fifteen million pesos (P15,000,000.00) at the discretion of the court;
(b) Second offense: imprisonment of not less than eight (8) years and one (1) day nor more than ten (10) years and a fine of not less than Fifteen million pesos (P15,000,000.00) nor more than Thirty million pesos (P30,000,000.00), at the discretion of the court; or
(c) Third offense: imprisonment of not less than ten (10) years and one (1) day nor more than twelve (12) years and a fine of not less than Thirty million pesos (P30,000,000.00) nor more than Fifty million pesos (P50,000,000.00), at the discretion of the court.
If the offender is a juridical entity, the penalties shall be imposed on the entity's responsible officers, such as but not limited to, the president, chief executive officer, general manager, or partner directly responsible, or those members of the board of directors and others who have beneficial interest in the juridical entity, or those officers who knowingly permitted or failed to prevent the commission of violations of Sections 4, 8, and 9, or other provisions of this Act.
If the offender is a public official or employee, the maximum of the applicable penalty shall be imposed.
If the guilty officer is an alien, he or she shall be summarily deported after serving the sentence and forever barred from re-entering the Philippines.
Any person convicted for the violation of any provision of this Act shall not be subject to probation under Presidential Decree No. 968 or the "Probation Law of 1976", as amended by Republic Act No. 10707.
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