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
(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 .
October 2010