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EN-9.3.1

Article 163 of the CBB Law provides for a term of imprisonment and/or a fine of up to BD 20,000, without prejudice to any other penalty prescribed in any other law, in case of conviction of a DirectorG , manager, official, agent or representative of any licenseeG who:

(a) Conceals any records, information or documents requested by the CBB (or any person appointed by the CBB to conduct an investigation or inspection);
(b) Provides statements or information in bad faith which do not reflect the actual financial position of the LicenseeG ;
(c) Conceals from an external auditor any records, information or documents necessary for auditing the accounts of the LicenseeG ; or
(d) Provides in bad faith any misleading or inaccurate statements to an external auditor which do not reflect the actual financial position of the LicenseeG .
October 2010
 Versions
(1 Version)
 
Oct 1 2010 onwards
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