The penalty for the late filing of an asset statement can vary depending on the jurisdiction and specific laws in place. In some cases, a monetary fine may be imposed for each day the asset statement is late, while in other cases, a fixed penalty may be applied regardless of the number of days late. Additionally, there may be other consequences such as difficulty in obtaining credit or loans, restrictions on certain professional activities, or potential legal repercussions. It is advisable to consult the specific laws and regulations of the jurisdiction in question to determine the exact penalties for late filing of asset statements.