(1) Any of the following persons shall be punished by an imprisonment with labor for not more than three years or by a fine not exceeding three hundred million won: Provided, That where the triple value of the object related to the violation exceeds three hundred million won, the fine shall not be more than the triple value of such object:
1. Any person who fails to register under the main clause of Article 8 (1) or paragraph (3) of that Article, or a person who conducts foreign exchange affairs after making registration by fraud or other improper means (including any person who conducts foreign exchange affairs after making a false report of discontinuation prescribed in Article 8 (4) and any person who conducts foreign exchange affairs in violation of the disposition taken pursuant to the provisions of Article 12 (1));
2. Any person who conducts foreign exchange brokerage without obtaining authorization pursuant to the forepart of Article 9 (1) or paragraph (3) or (5) of that Article, or after obtaining authorization by fraud or other improper means (including any person who conducts foreign exchange brokerage after making a report prescribed in Article 9 (3) in falsehood and any person who conducts foreign exchange brokerage in violation of the disposition taken pursuant to the provisions of Article 12 (1));
3. A person who makes or receives payment without obtaining permission pursuant to Article 15 (2) or after obtaining permission by fraud or other improper means.
(2) Imprisonment with labor and fines prescribed in paragraph (1) may be imposed concurrently.[This Article Newly Inserted on Jan. 17, 2017]