In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Banking Act · 2024 Revised Edition · Part · Unclaimed Balances
Banking Act · 2024 Revised Edition · Part · Unclaimed Balances
Official textFrom Attorney General's Chambers, unchanged
If a bank contravenes, whether by act or omission, any provision of this Part or any regulations made under this Part, each officer of the bank is taken to have contravened the same provision if the officer knowingly authorised or permitted such contravention.
bank
“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
A person may be proceeded against and convicted under a provision pursuant to this section whether or not the bank has been proceeded against or convicted under that provision.
Nothing in this section affects any liability imposed on a bank for an offence committed by the bank against this Act or any regulations made thereunder.
bank
“bank” means a company which carries on banking business and holds a licence granted under section 4 or 23, and includes all branches and offices in Brunei Darussalam of any such company for the purposes of this Act;
officer
“officer”, in relation to a company, includes — (a) a director, the secretary or an employee of the company; (b) a receiver or manager of any part of the undertaking of the company appointed under a power contained in any instrument; and (c) the liquidator of the company appointed in a voluntary winding up;