Rule 37
Procedure To Impose Fine
(1) Where the Financial Information Unit has to impose fine to any bank, financial institution or non-financial institution as per Section 31 of the Act, the concerned bank or institution shall be informed of the activities resulting to fine, grounds and reason for fine and the proposed amount of  fine. Such bank or institution shall be given Seven days time to defend itself. 
(2) Where the Department has to impose fine to a any person as per Section 12 (2) and 18 (3) of the Act, the concerned person shall be informed of the activities resulting to fine, grounds and reason for fine and the proposed amount of fine. Such a person shall be given Seven days time to defend himself.

(3) The Financial Information Unit or the Department may fine the institution or person if the institution or person fails to submit defense in  accordance with Sub-rule (1) or (2) or the submitted defense is not satisfactory or
reasonable.