Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · s 34

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s 34Directions or regulations to prevent money-laundering and terrorism financing

( 1)

The Authority may issue such directions or make such regulations concerning any financial institution or class of financial institution as the 5019

Authority considers necessary for the prevention of money~laundering or for the prevention of the financing of terrorism.

(2)

A financial institution which fails or refuses to comply with any direction issued under subsection (1) or contravenes any regulations made under that subsection, is guilty of an offence and liable on conviction to a fine not exceeding $1,000,000 and, in the case of a continuing offence, to a further fine of

$100,000 for every day during which the offence continues after conviction.

(3)

In this section, "financial institution" has the same meaning as in section 33(6).