(1) A person engaged in other business activity shall register with the Authority for the purpose of complying with the laws in relation to anti-money laundering and other criminal conduct.
(2) A person engaged in other business activity prior to the commencement of this Act shall, within 6 months of the commencement of this Act, register with the Authority.
(3) A person engaged in other business activity who fails to register with the Authority under this section commits an offence and is liable on summary conviction to a fine not exceeding $25,000 and to an additional fine of $300 for each day the offence continues.