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Article 60

It is prohibited for any person, without a license issued to him under the provisions of the preceding articles, to engage in banking operations or to act as agent of any foreign financial or investment interests that are not licensed to engage in banking operations in the State of Bahrain. It shall also be prohibited for such a person to represent such interests or to carry out any activity for their account in the State of Bahrain. Whoever shall act in contravention of the foregoing shall be punished by a term of imprisonment not exceeding six months and/or a fine not exceeding 1,000 (one thousand) dinars, in addition to the closure of his place of business.