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اليوم السابع
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2026-11-08T00:28:12.000Z

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Penalty for Gold Fraud

Penalty for Gold Fraud

The Precious Metals Control Law No. 68 of 1976 punishes anyone who alters the fineness of items after they have been hallmarked, uses counterfeit hallmarks, or sells such items knowing they have been altered or fraudulently marked. The penalty is imprisonment for at least one year and a fine of 10,000 to 50,000 pounds, or either penalty. Anyone who sells or offers for sale unhallmarked gold, silver, or platinum items is liable to a fine of 1,000 to 5,000 pounds; the items are also seized and ordered confiscated.

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