Islamic Banking Act · 2024 Revised Edition · Part · Powers of Control Over Islamic Banks
50. Investigation of suspected contravention
Official textFrom Attorney General's Chambers, unchanged
Where the Authority has reasonable grounds for suspecting that any person is guilty of contravening section 4 or 6, the Authority or any duly authorised officer or agent of the Authority may by notice in writing require that or any other person —
Authority
“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
to provide, at such place as may be specified in the notice and either forthwith or at such time as may be so specified, such information as the Authority may require for the purpose of investigating the suspected contravention;
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to produce, at such time and place as may be specified in the notice and either forthwith or at such time as may be so specified, such documents, or documents or such description, as may be so specified, being documents the production of which may be required by the Authority for that purpose;
to attend at such place and time as may be specified in the notice and answer questions relevant for determining whether such a contravention has occurred.
The Authority or any duly authorised officer or agent of the
Authority may take copies of or extracts from any documents produced under this section.
Any officer or agent of the Authority may, on producing evidence of his authority, enter any premises occupied by a person on whom a notice has been served under subsection (1) for the purpose of obtaining the information or documents required by the notice, asking the questions referred to in paragraph (c) of that subsection or exercising the powers conferred by subsection (2).
A statement made by a person in compliance with a requirement imposed by virtue of this section may be used in evidence against him.
Any person who without reasonable excuse fails to comply with a requirement imposed on him under this section or intentionally obstructs a person in the exercise of the rights conferred by subsection (3) is guilty of an offence and liable on conviction to a fine not exceeding $100,000, imprisonment for a term not exceeding 2 years or both.
Terms defined in s 2
Authority
Defined · s 2“Authority” means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010;
Part
Overseas Branches and Representative Offices of Domestic Islamic Banks
Part
Unclaimed Balances
Part
Invitations to Make Deposits
Part