EN-10.3.1
Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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Article 163 of the CBB Law provides for a term of imprisonment and/or fine of up to BD 20,000 without prejudice to any other penalty prescribed in any other law, in case of conviction of a
(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 licensee;
(c) Conceals from an external auditor any records, information or documents necessary for auditing the accounts of the licensee; 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 licensee.
Adopted: January 2007