Foreign Exchange Transactions Act — Article 31 (Joint Penalty Provisions)

If the representative of a legal entity, or an agent, an employee or other workers of a legal entity or an individual commits a violation falling under any of Articles 27, 27-2, 28 and 29 in connection with assets or business of the legal entity or an individual, not only shall such offenders be punished but the legal entity or the individual shall also be punished by a fine prescribed in the relevant Article: Provided, That if the legal entity or individual has exercised due diligence and supervision in connection with such assets or business in order to prevent such violation, this shall not apply. <Amended on Jan. 17, 2017>[This Article Wholly Amended on Jan. 30, 2009]