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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Common Modules (Applicable to all Specialised Licensees) > Part A > Enforcement & Redress > EN Enforcement > EN-9 Criminal Sanctions > EN-9.3 Articles of CBB Law > Article 163
  • Article 163

    • 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

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