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 thesecurities market or the offences covered by the scope of this Module. Judicial investigation undertaken by the officials of theCMSD , either jointly with the officers of the Ministry of Justice and Islamic Affairs, or otherwise, shall submit aninvestigation report to theCMSD , giving details of contraventions and offences of the CBB Law, rules and regulations, along with all relevant information and evidence.Amended: July 2021MIE-2.5.3
The
CMSD may, after considering theinvestigation report submitted to theCMSD officers who conducting the judicialinvestigation , and if satisfied that there is a contravention of the CBB Law, rules and regulations, decide to initiate appropriate enforcement actions.