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  • MIE-2.5 MIE-2.5 Judicial Investigation

    • MIE-2.5.1

      Article 115 of the CBB Law states that: "The officers of the Central Bank who are appointed by a resolution issued by the Minister of Justice and Islamic Affairs in agreement with the Governor, shall have the capacity of Judicial Investigation Officers with respect to criminal offences that fall under their jurisdiction and relevant to the duties assigned to them. The verbal process of such crimes prepared by the said officials should be referred to the public prosecution pursuant to a resolution to be issued by the Governor or any person he may authorise".

    • MIE-2.5.2

      The CBB may suggest that the Minister of Justice and Islamic Affairs appoint any of the officers of the CMSD as Judicial Investigation Officers with respect to criminal offences relating to the securities market or the offences covered by the scope of this Module. Judicial investigation undertaken by the officials of the CMSD, either jointly with the officers of the Ministry of Justice and Islamic Affairs, or otherwise, shall submit an investigation report to the CMSD, giving details of contraventions and offences of the CBB Law, rules and regulations, along with all relevant information and evidence.

      Amended: July 2021

    • MIE-2.5.3

      The CMSD may, after considering the investigation report submitted to the CMSD officers who conducting the judicial investigation, and if satisfied that there is a contravention of the CBB Law, rules and regulations, decide to initiate appropriate enforcement actions.